Howmet Aerospace (NYSE:HWM) Price Target Raised to $340.00

Howmet Aerospace (NYSE:HWM) had its target price hoisted by BTIG Research from $300.00 to $340.00 in a research note issued to investors on Monday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Wells Fargo & Company restated an “outperform” rating and issued a $315.00 price target on shares of Howmet Aerospace in a research note on Monday. Susquehanna lifted their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Weiss Ratings cut Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $370.00 price objective on shares of Howmet Aerospace in a report on Sunday. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $315.67.

Howmet Aerospace Stock Up 0.1%

HWM stock opened at $281.51 on Monday. The company’s 50 day moving average price is $274.62 and its 200 day moving average price is $255.45. The firm has a market capitalization of $112.63 billion, a price-to-earnings ratio of 60.67, a PEG ratio of 2.01 and a beta of 1.20. Howmet Aerospace has a fifty-two week low of $169.45 and a fifty-two week high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. 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 previous year, the firm earned $0.91 earnings per share. The firm’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. On average, equities research analysts anticipate that Howmet Aerospace will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Hedge Funds Weigh In On Howmet Aerospace

Several large investors have recently bought and sold shares of HWM. Globeflex Capital L P purchased a new position in shares of Howmet Aerospace during the second quarter worth about $1,154,000. Twin Tree Management LP purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $478,000. LM Advisors LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $290,000. Bank of Nova Scotia purchased a new stake in Howmet Aerospace in the second quarter valued at approximately $27,549,000. Finally, Vista Investment Management purchased a new stake in Howmet Aerospace in the second quarter valued at approximately $996,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.