42,758 Shares in Howmet Aerospace Inc. $HWM Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,758 shares of the company’s stock, valued at approximately $11,495,000. Howmet Aerospace accounts for about 2.4% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp raised its holdings in Howmet Aerospace by 2.2% during the fourth quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after buying an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock valued at $3,409,936,000 after buying an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Howmet Aerospace by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock worth $2,316,277,000 after acquiring an additional 221,775 shares in the last quarter. Bank of America Corp DE increased its position in shares of Howmet Aerospace by 1.7% during the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock worth $2,472,478,000 after acquiring an additional 177,533 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth about $1,793,698,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.1%

Shares of HWM stock opened at $289.33 on Monday. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-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. The company has a 50-day simple moving average of $276.03 and a two-hundred day simple moving average of $256.44. The company has a market capitalization of $115.76 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 2.07 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last posted 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 during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the business posted $0.91 EPS. 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. Research analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is 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 dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.07%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HWM shares. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. BTIG Research lifted their target price on Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Susquehanna upped 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. Finally, JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. One equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $315.67.

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.