Globeflex Capital L P Invests $1.15 Million in Howmet Aerospace Inc. $HWM

Globeflex Capital L P acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,292 shares of the company’s stock, valued at approximately $1,154,000.

Several other hedge funds have also added to or reduced their stakes in HWM. BlackRock Inc. bought a new position in Howmet Aerospace during the 2nd quarter worth $12,318,939,000. State Street Corp grew its position 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 buying an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Howmet Aerospace by 27.0% in 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 period. Geode Capital Management LLC increased 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 buying an additional 221,775 shares during the period. Finally, Bank of America Corp DE raised 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 during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $263.12 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $170.81 and a 52 week high of $310.00. The company’s 50 day moving average price is $278.46 and its two-hundred day moving average price is $259.33. The stock has a market cap of $105.28 billion, a P/E ratio of 56.71, a P/E/G ratio of 1.94 and a beta of 1.20. 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 (NYSE:HWM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping 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 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 prior year, the company earned $0.91 EPS. The firm’s quarterly 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. On average, equities analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be given a dividend of $0.14 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 12.07%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BTIG Research boosted their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 10th. Sanford C. Bernstein increased their price target on Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. BNP Paribas Exane reissued an “outperform” rating and issued a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.22.

About Howmet Aerospace

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.