Westpac Banking Corp Invests $5.88 Million in Howmet Aerospace Inc. $HWM

Westpac Banking Corp purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,890 shares of the company’s stock, valued at approximately $5,885,000.

Several other large investors have also recently added to or reduced their stakes in HWM. West Paces Advisors Inc. purchased a new stake in Howmet Aerospace in the 2nd quarter valued at approximately $27,000. Bartlett & CO. Wealth Management LLC increased its position in Howmet Aerospace by 55.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after purchasing an additional 38 shares during the period. Acumen Wealth Advisors LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Newbridge Financial Services Group Inc. raised its stake in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Howmet Aerospace by 65.1% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after buying an additional 54 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HWM. 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, August 10th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Morgan Stanley reissued an “overweight” rating and issued a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. Weiss Ratings upgraded shares of Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, BNP Paribas Exane restated an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. One 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 stock. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $315.67.

Howmet Aerospace Price Performance

HWM stock opened at $271.58 on Friday. The firm has a 50 day moving average of $278.62 and a 200-day moving average of $258.62. The company has a market cap of $108.66 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 1.96 and a beta of 1.20. 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 Inc. has a 12-month low of $170.24 and a 12-month high of $310.00.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping 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 business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The company’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. As a group, equities analysts expect that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

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.