Howmet Aerospace (NYSE:HWM) Stock Gets Price Target Reduction from Royal Bank Of Canada

Howmet Aerospace (NYSE:HWM) had its price objective decreased by Royal Bank Of Canada from $350.00 to $300.00 in a research report released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Howmet Aerospace from $338.00 to $343.00 and gave the company a “buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised 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. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Guggenheim initiated coverage on shares of Howmet Aerospace in a report on Monday, September 14th. They set a “buy” rating and a $350.00 price target on the stock. Finally, BNP Paribas Exane cut their price target on shares of Howmet Aerospace from $345.00 to $310.00 and set an “outperform” rating on the stock in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.29.

Howmet Aerospace Stock Up 0.6%

Shares of Howmet Aerospace stock opened at $220.91 on Thursday. The stock’s fifty day moving average is $245.22 and its 200-day moving average is $256.84. The firm has a market capitalization of $88.39 billion, a PE ratio of 47.61, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. Howmet Aerospace has a 12-month low of $187.46 and a 12-month high of $310.00.

Howmet Aerospace (NYSE:HWM) last announced its earnings results 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 return on equity of 33.91% and a net margin of 20.52%. The business had revenue of $2.55 billion during 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. Howmet Aerospace’s revenue was up 24.1% compared to the same quarter last year. 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 analysts anticipate that Howmet Aerospace will post 5.34 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace’s payout ratio is currently 12.07%.

Institutional Investors Weigh In On Howmet Aerospace

Several hedge funds have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of 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 purchasing an additional 11,878 shares during the period. Man Group plc acquired a new position in shares of Howmet Aerospace during the second quarter valued at about $104,566,000. Pictet Asset Management Holding SA raised its position in shares of Howmet Aerospace by 28.6% during the first quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company’s stock valued at $52,984,000 after buying an additional 51,169 shares during the last quarter. State Street Corp raised its position in shares of Howmet Aerospace by 3.3% during the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after buying an additional 612,866 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Howmet Aerospace by 162.8% in the first quarter. QRG Capital Management Inc. now owns 59,956 shares of the company’s stock valued at $13,817,000 after buying an additional 37,141 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.