Howmet Aerospace (NYSE:HWM) Shares Down 3.5% – Here’s Why

Shares of Howmet Aerospace Inc. (NYSE:HWM) fell 3.5% during trading on Tuesday. The stock traded as low as $208.68 and last traded at $212.3790. Approximately 1,338,865 shares were traded during mid-day trading, a decline of 51% from the average session volume of 2,715,143 shares. The stock had previously closed at $220.03.

Analyst Ratings Changes

HWM has been the subject of a number of research reports. Susquehanna upped their target price on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. BTIG Research lifted their price target 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. 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. TD Cowen dropped their price objective on shares of Howmet Aerospace from $320.00 to $280.00 and set a “buy” rating for the company in a report on Friday, October 9th. Finally, UBS Group increased their price objective on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.29.

Howmet Aerospace Trading Down 1.8%

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 stock has a 50 day simple moving average of $241.12 and a 200-day simple moving average of $256.65. The firm has a market cap of $83.16 billion, a P/E ratio of 44.80, a P/E/G ratio of 1.90 and a beta of 1.21.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. 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 research analysts expect that Howmet Aerospace Inc. will post 5.34 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio is presently 12.07%.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors have recently bought and sold shares of HWM. Man Group plc purchased a new position in Howmet Aerospace during the second quarter valued at approximately $104,566,000. Patriot Financial Group Insurance Agency LLC raised its stake in 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 worth $5,609,000 after buying an additional 11,878 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in Howmet Aerospace by 28.6% during the first 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 lifted its holdings in Howmet Aerospace by 3.3% during the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock worth $5,090,576,000 after buying an additional 612,866 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Howmet Aerospace by 162.8% during the 1st quarter. QRG Capital Management Inc. now owns 59,956 shares of the company’s stock valued at $13,817,000 after acquiring an additional 37,141 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.