Howmet Aerospace (NYSE:HWM) Stock Price Target Cut by Wells Fargo & Company

Howmet Aerospace (NYSE:HWM) had its price objective cut by analysts at Wells Fargo & Company from $315.00 to $255.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.44% from the company’s previous close.

HWM has been the subject of several other research reports. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday. BTIG Research raised 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. Wall Street Zen cut shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. UBS Group upped their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $314.84.

Howmet Aerospace Price Performance

NYSE HWM traded down $2.11 during midday trading on Wednesday, hitting $228.83. The company had a trading volume of 343,056 shares, compared to its average volume of 2,715,123. The firm has a 50-day moving average price of $261.06 and a 200-day moving average price of $258.15. The company has a market capitalization of $91.56 billion, a PE ratio of 49.32, a P/E/G 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 has a twelve month low of $183.83 and a twelve month high of $310.00.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm posted $0.91 EPS. Howmet Aerospace’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, analysts anticipate that Howmet Aerospace will post 5.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Howmet Aerospace by 95.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company’s stock valued at $5,609,000 after buying an additional 11,878 shares during the period. Man Group plc acquired a new stake in Howmet Aerospace during the 2nd quarter worth approximately $104,566,000. Pictet Asset Management Holding SA boosted its position in Howmet Aerospace by 28.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company’s stock worth $52,984,000 after buying an additional 51,169 shares during the period. State Street Corp grew its holdings in Howmet Aerospace by 2.2% during the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after acquiring an additional 400,767 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich grew its holdings in Howmet Aerospace by 2.1% during the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 199,452 shares of the company’s stock worth $53,625,000 after acquiring an additional 4,030 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.