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

Howmet Aerospace Inc. (NYSE:HWM)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $259.27, but opened at $242.81. Howmet Aerospace shares last traded at $240.6660, with a volume of 1,021,264 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HWM shares. Royal Bank Of Canada lifted their price target on shares of Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Susquehanna increased their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a report on Friday, August 7th. BTIG Research raised their target price on Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. Finally, Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $316.22.

Howmet Aerospace Stock Down 6.2%

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’s fifty day moving average price is $275.26 and its two-hundred day moving average price is $261.28. The stock has a market cap of $97.34 billion, a price-to-earnings ratio of 52.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business 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 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. Sell-side analysts forecast 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 was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s payout ratio is 12.07%.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds have recently made changes to their positions in the business. West Paces Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $27,000. Bartlett & CO. Wealth Management LLC raised its stake in 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 acquiring an additional 38 shares during the period. Markowski Investments bought a new stake in Howmet Aerospace in the 2nd quarter valued at about $29,000. Acumen Wealth Advisors LLC purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $25,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

About Howmet Aerospace

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.