Citizens Financial Group Inc. RI Purchases New Stake in Howmet Aerospace Inc. $HWM

Citizens Financial Group Inc. RI acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 13,190 shares of the company’s stock, valued at approximately $3,546,000.

Several other large investors have also recently bought and sold shares of HWM. BlackRock Inc. purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth $12,318,939,000. State Street Corp increased its holdings in shares of Howmet Aerospace by 2.2% in the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock valued at $3,765,280,000 after purchasing an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Howmet Aerospace by 27.0% in the 4th 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 purchasing an additional 3,531,700 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Howmet Aerospace by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock valued at $2,316,277,000 after purchasing an additional 221,775 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock valued at $2,472,478,000 after purchasing an additional 177,533 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $289.37 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $169.45 and a 52 week high of $310.00. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $276.89 and its 200 day simple moving average is $256.96. The firm has a market capitalization of $115.78 billion, a PE ratio of 62.36, a P/E/G ratio of 2.07 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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 net margin of 20.52% and a return on equity of 33.91%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the company earned $0.91 EPS. The firm’s 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 predict 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. Stockholders of record on Friday, August 7th will be given a $0.14 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HWM shares. Wall Street Zen downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 5th. Morgan Stanley reiterated an “overweight” rating and set a $335.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Weiss Ratings lowered Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 price target on shares of Howmet Aerospace in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $315.67.

Howmet Aerospace 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.