The Manufacturers Life Insurance Company Trims Holdings in Howmet Aerospace Inc. $HWM

The Manufacturers Life Insurance Company reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 3.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 207,563 shares of the company’s stock after selling 7,414 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Howmet Aerospace were worth $55,805,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HWM. Newbridge Financial Services Group Inc. raised its position in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the period. Acumen Wealth Advisors LLC acquired a new position in Howmet Aerospace during the fourth quarter worth $25,000. West Paces Advisors Inc. purchased a new position in shares of Howmet Aerospace during the second quarter worth $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of Howmet Aerospace by 65.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 0.5%

Shares of NYSE HWM opened at $229.16 on Friday. The stock has a market cap of $91.69 billion, a P/E ratio of 49.39, a PEG ratio of 2.06 and a beta of 1.19. 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 $182.78 and a 12-month high of $310.00. The business’s fifty day simple moving average is $272.11 and its 200-day simple moving average is $260.58.

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

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio (DPR) is 12.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday, September 1st. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Royal Bank Of Canada increased their price target on shares of Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $316.22.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company’s aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.