Oppenheimer Asset Management Inc. Invests $21.19 Million in Howmet Aerospace Inc. $HWM

Oppenheimer Asset Management Inc. acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 78,828 shares of the company’s stock, valued at approximately $21,194,000.

Other institutional investors have also added to or reduced their stakes in the company. Platform Technology Partners acquired a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $262,000. Sunpointe LLC lifted its position in shares of Howmet Aerospace by 62.4% in the 2nd quarter. Sunpointe LLC now owns 4,691 shares of the company’s stock worth $1,261,000 after purchasing an additional 1,802 shares during the period. WealthBridge Capital Management LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $221,000. Petra Financial Advisors Inc. boosted its stake in shares of Howmet Aerospace by 76.3% in the 2nd quarter. Petra Financial Advisors Inc. now owns 5,071 shares of the company’s stock valued at $1,363,000 after purchasing an additional 2,195 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after purchasing an additional 38 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. 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. TD Cowen increased their price target on Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating and set a $370.00 price target on shares of Howmet Aerospace in a report on Sunday, August 9th. Finally, Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $315.67.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $289.33 on Friday. The stock has a market capitalization of $115.76 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 2.02 and a beta of 1.20. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-week high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The stock’s 50 day moving average price is $276.03 and its two-hundred day moving average price is $256.16.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Howmet Aerospace’s revenue for the quarter 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be issued a $0.14 dividend. The ex-dividend date is Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 12.07%.

Howmet Aerospace Company 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.