Howmet Aerospace (NYSE:HWM) Upgraded at KeyCorp

KeyCorp upgraded shares of Howmet Aerospace (NYSE:HWM) from a sector weight rating to an overweight rating in a research report released on Tuesday, Marketbeat.com reports. They currently have $237.00 price target on the stock. KeyCorp also issued estimates for Howmet Aerospace’s Q4 2026 earnings at $1.54 EPS, FY2026 earnings at $5.55 EPS and FY2027 earnings at $6.70 EPS.

Several other brokerages also recently commented on HWM. UBS Group lowered their target price on shares of Howmet Aerospace from $255.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Weiss Ratings upgraded shares of Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Guggenheim initiated coverage on shares of Howmet Aerospace in a research report on Monday, September 14th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $298.00 price objective (down from $328.00) on shares of Howmet Aerospace in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $295.81.

Howmet Aerospace Trading Down 6.0%

NYSE:HWM opened at $200.70 on Tuesday. Howmet Aerospace has a 12 month low of $183.52 and a 12 month high of $310.00. The company has a current ratio of 1.86, a quick ratio of 0.90 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $79.81 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 1.56 and a beta of 1.31. The firm has a fifty day simple moving average of $224.63 and a two-hundred day simple moving average of $248.29.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. Howmet Aerospace’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Analysts expect that Howmet Aerospace will post 5.49 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio is currently 10.96%.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently modified their holdings of HWM. Assenagon Asset Management S.A. lifted its position in Howmet Aerospace by 128.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 748,791 shares of the company’s stock valued at $169,362,000 after purchasing an additional 421,300 shares during the last quarter. Man Group plc acquired a new position in Howmet Aerospace during the 2nd quarter valued at about $104,566,000. State Street Corp boosted its stake in Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after purchasing an additional 612,866 shares during the period. HighTower Advisors LLC boosted its stake in Howmet Aerospace by 14.9% during the 2nd quarter. HighTower Advisors LLC now owns 68,260 shares of the company’s stock valued at $18,352,000 after purchasing an additional 8,829 shares during the period. Finally, Moore Capital Management LP bought a new position in Howmet Aerospace in the 2nd quarter worth about $6,178,000. 90.46% of the stock is currently owned by institutional investors.

About Howmet Aerospace

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.