Howmet Aerospace (NYSE:HWM) Upgraded at Guggenheim

Guggenheim upgraded shares of Howmet Aerospace (NYSE:HWM) to a strong-buy rating in a research report released on Monday,Zacks reports.

Several other research firms have also issued reports on HWM. Susquehanna upped their price target on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Wells Fargo & Company restated an “outperform” rating and issued a $315.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Finally, TD Cowen lifted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $318.00.

Howmet Aerospace Price Performance

HWM opened at $227.69 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace has a 1-year low of $182.78 and a 1-year high of $310.00. The company has a 50-day moving average of $269.21 and a 200-day moving average of $259.90. The company has a market capitalization of $91.10 billion, a P/E ratio of 49.07, a PEG ratio of 2.02 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last announced 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 return on equity of 33.91% and a net margin of 20.52%.The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company earned $0.91 earnings per share. 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. Equities analysts expect that Howmet Aerospace will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were paid a $0.14 dividend. The ex-dividend date was 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 (DPR) is 12.07%.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Howmet Aerospace in the 2nd quarter valued at approximately $12,318,939,000. Bank of America Corp DE acquired a new position in Howmet Aerospace during the 2nd quarter worth $2,766,806,000. Norges Bank bought a new position in shares of Howmet Aerospace in the fourth quarter worth $1,793,698,000. Jupiter Topco LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at $2,065,086,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Howmet Aerospace during the second quarter valued at about $1,099,765,000. Institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company’s aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.