Mirae Asset Global Investments Co. Ltd. Purchases 11,658 Shares of Howmet Aerospace Inc. $HWM

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.3% in the second quarter, Holdings Channel reports. The firm owned 136,518 shares of the company’s stock after purchasing an additional 11,658 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Howmet Aerospace were worth $36,704,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HWM. Braeburn Wealth Management LLC raised its holdings in Howmet Aerospace by 4.8% in the second quarter. Braeburn Wealth Management LLC now owns 5,723 shares of the company’s stock worth $1,539,000 after purchasing an additional 261 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Howmet Aerospace by 1.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 67,117 shares of the company’s stock valued at $18,045,000 after buying an additional 698 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at $64,000. Raleigh Capital Management Inc. increased its position in shares of Howmet Aerospace by 4.3% in the 2nd quarter. Raleigh Capital Management Inc. now owns 1,094 shares of the company’s stock valued at $294,000 after buying an additional 45 shares in the last quarter. Finally, Greenleaf Trust raised its stake in Howmet Aerospace by 1.0% during the 2nd quarter. Greenleaf Trust now owns 5,085 shares of the company’s stock worth $1,367,000 after buying an additional 49 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.3%

HWM opened at $282.54 on Friday. The stock has a market capitalization of $113.05 billion, a P/E ratio of 60.89, a P/E/G ratio of 2.01 and a beta of 1.20. Howmet Aerospace Inc. has a 12 month low of $169.45 and a 12 month high of $310.00. The firm’s fifty day simple moving average is $275.29 and its 200 day simple moving average is $255.92. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The company’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. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS 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. Investors of record on Friday, August 7th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s payout ratio is 12.07%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HWM. TD Cowen lifted their target price 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 restated a “buy” rating and issued a $370.00 price target on shares of Howmet Aerospace in a report on Sunday. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, BTIG Research boosted their price objective on Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Monday. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.67.

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.