Royal Bank Of Canada Issues Pessimistic Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Howmet Aerospace (NYSE:HWM) had its price objective reduced by stock analysts at Royal Bank Of Canada from $350.00 to $300.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 38.57% from the stock’s current price.

HWM has been the subject of a number of other reports. Wells Fargo & Company reduced their target price on Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 30th. BNP Paribas Exane decreased their target price on Howmet Aerospace from $345.00 to $310.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $298.00 price target (down from $328.00) on shares of Howmet Aerospace in a research note on Wednesday, October 7th. Weiss Ratings raised shares of Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $370.00 price target (up from $340.00) on shares of Howmet Aerospace in a report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $310.29.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $1.05 on Thursday, hitting $216.49. The company’s stock had a trading volume of 715,349 shares, compared to its average volume of 2,709,145. The company has a market capitalization of $86.62 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. Howmet Aerospace has a 1 year low of $187.46 and a 1 year high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The firm has a fifty day moving average price of $247.83 and a 200-day moving average price of $257.15.

Howmet Aerospace (NYSE:HWM) last issued its quarterly 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 company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. Howmet Aerospace’s revenue for the quarter 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, sell-side analysts anticipate that Howmet Aerospace will post 5.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in HWM. BlackRock Inc. acquired a new stake in Howmet Aerospace during the 2nd quarter worth $12,318,939,000. State Street Corp grew its holdings in shares of Howmet Aerospace by 3.3% during the second quarter. State Street Corp now owns 18,933,928 shares of the company’s stock worth $5,090,576,000 after buying an additional 612,866 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Howmet Aerospace by 1.7% during the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock worth $2,472,478,000 after buying an additional 177,533 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $2,065,086,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $1,099,765,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.