Kingsview Wealth Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,682 shares of the company’s stock, valued at approximately $721,000.
Several other institutional investors have also added to or reduced their stakes in HWM. BlackRock Inc. purchased a new position in shares of Howmet Aerospace in the second quarter valued at $12,318,939,000. Bank of America Corp DE purchased a new stake in Howmet Aerospace during the second quarter valued at $2,766,806,000. Norges Bank bought a new position in Howmet Aerospace during the fourth quarter valued at $1,793,698,000. Jupiter Topco LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter worth $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Howmet Aerospace in the 2nd quarter worth $1,099,765,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. BTIG Research boosted their price objective on Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $316.22.
Howmet Aerospace Stock Down 0.1%
Shares of NYSE:HWM opened at $264.48 on Monday. The firm has a market capitalization of $105.82 billion, a PE ratio of 57.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The business has a 50 day simple moving average of $277.41 and a two-hundred day simple moving average of $260.72. Howmet Aerospace Inc. has a 1 year low of $170.81 and a 1 year high of $310.00. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.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 prior year, the business posted $0.91 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current year.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were paid a $0.14 dividend. The ex-dividend date was Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is 12.07%.
About Howmet Aerospace
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.
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