386,197 Shares in Howmet Aerospace Inc. $HWM Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 386,197 shares of the company’s stock, valued at approximately $103,833,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Osterweis Capital Management Inc. acquired a new position in shares of Howmet Aerospace during the second quarter worth about $56,000. Legal & General Group Plc bought a new stake in Howmet Aerospace in the 2nd quarter valued at approximately $580,991,000. The Manufacturers Life Insurance Company acquired a new position in Howmet Aerospace during the 2nd quarter worth approximately $55,805,000. Fiduciary Financial Advisors acquired a new position in Howmet Aerospace during the 2nd quarter worth approximately $196,000. Finally, L2 Asset Management LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $612,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HWM. Wells Fargo & Company reiterated an “outperform” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. 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 report on Friday, May 8th. TD Cowen lifted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. BTIG Research boosted their price target on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Citigroup restated a “buy” rating on shares of Howmet Aerospace in a research note on Wednesday, August 12th. One 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $316.22.

Howmet Aerospace Stock Up 2.0%

HWM stock opened at $269.32 on Thursday. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $107.76 billion, a PE ratio of 58.04, a PEG ratio of 1.89 and a beta of 1.20. Howmet Aerospace Inc. has a 1-year low of $170.81 and a 1-year high of $310.00. The business’s 50 day simple moving average is $277.90 and its 200 day simple moving average is $260.14.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (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 quarter last year, the firm posted $0.91 EPS. The company’s quarterly 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. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

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