Globeflex Capital L P Buys New Holdings in Howmet Aerospace Inc. $HWM

Globeflex Capital L P purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,292 shares of the company’s stock, valued at approximately $1,154,000.

Other hedge funds also recently made changes to their positions in the company. MUFG Securities EMEA plc raised its stake in shares of Howmet Aerospace by 752.6% during the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock worth $13,487,000 after buying an additional 58,067 shares during the last quarter. M&T Bank Corp boosted its stake in Howmet Aerospace by 75.0% in the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock valued at $8,810,000 after acquiring an additional 18,417 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Howmet Aerospace by 57.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock worth $2,909,000 after acquiring an additional 5,181 shares during the period. Bearing Point Capital LLC grew its holdings in Howmet Aerospace by 9.5% during the 4th quarter. Bearing Point Capital LLC now owns 54,619 shares of the company’s stock worth $11,198,000 after acquiring an additional 4,757 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in Howmet Aerospace by 95.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company’s stock worth $5,609,000 after acquiring an additional 11,878 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. BNP Paribas Exane reiterated an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $370.00 target price on shares of Howmet Aerospace in a research note on Sunday, August 9th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. TD Cowen lifted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $316.22.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $263.12 on Tuesday. The company has a fifty day moving average price of $278.46 and a two-hundred day moving average price of $259.33. Howmet Aerospace Inc. has a one year low of $170.81 and a one year high of $310.00. The stock has a market cap of $105.28 billion, a P/E ratio of 56.71, a P/E/G ratio of 1.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. As a group, equities analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.14 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 12.07%.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.