PCM Encore LLC Purchases Shares of 2,891 Howmet Aerospace Inc. $HWM

PCM Encore LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,891 shares of the company’s stock, valued at approximately $777,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Howmet Aerospace in the second quarter valued at approximately $12,318,939,000. Norges Bank acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $1,793,698,000. Bank of New York Mellon Corp bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $1,099,765,000. Price T Rowe Associates Inc. MD grew its position in Howmet Aerospace by 27.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after acquiring an additional 3,531,700 shares during the last quarter. Finally, Auto Owners Insurance Co increased its holdings in Howmet Aerospace by 20,402.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company’s stock valued at $29,562,000 after purchasing an additional 1,434,873 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HWM shares. Weiss Ratings downgraded Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Wells Fargo & Company restated an “outperform” rating and set a $315.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. Royal Bank Of Canada increased their target price on Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $315.67.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $273.39 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The firm has a market cap of $109.39 billion, a P/E ratio of 58.92, a P/E/G ratio of 2.03 and a beta of 1.20. The firm has a 50 day simple moving average of $278.47 and a 200 day simple moving average of $258.53. Howmet Aerospace Inc. has a fifty-two week low of $170.24 and a fifty-two week high of $310.00.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping 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 firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Howmet Aerospace’s 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. Sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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