Howmet Aerospace Target of Unusually High Options Trading (NYSE:HWM)

Howmet Aerospace Inc. (NYSE:HWM) was the recipient of some unusual options trading on Monday. Investors acquired 8,120 put options on the stock. This represents an increase of 184% compared to the average volume of 2,864 put options.

Institutional Investors Weigh In On Howmet Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. West Paces Advisors Inc. bought a new position in Howmet Aerospace in the second quarter worth about $27,000. Bartlett & CO. Wealth Management LLC raised its stake in Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after buying an additional 38 shares during the last quarter. Markowski Investments bought a new position in Howmet Aerospace in the 2nd quarter worth about $29,000. Acumen Wealth Advisors LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $25,000. Finally, Newbridge Financial Services Group Inc. lifted its position in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 7.2%

Shares of HWM stock traded down $19.01 during trading hours on Monday, reaching $245.84. The company’s stock had a trading volume of 1,255,429 shares, compared to its average volume of 2,559,235. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. Howmet Aerospace has a one year low of $170.81 and a one year high of $310.00. The stock has a market capitalization of $98.36 billion, a P/E ratio of 52.98, a P/E/G ratio of 1.89 and a beta of 1.20. The firm’s fifty day simple moving average is $277.41 and its 200 day simple moving average is $260.72.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The firm’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. Equities research analysts expect that Howmet Aerospace will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HWM. JPMorgan Chase & Co. increased their price target 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $370.00 target price on shares of Howmet Aerospace in a report on Sunday, August 9th. TD Cowen increased their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted their price target on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.22.

Howmet Aerospace Company 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.