Cibc World Market Inc. Invests $9.67 Million in Howmet Aerospace Inc. $HWM

Cibc World Market Inc. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,951 shares of the company’s stock, valued at approximately $9,666,000.

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $12,318,939,000. State Street Corp boosted its stake in shares of Howmet Aerospace by 2.2% in the fourth quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after buying an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after acquiring an additional 3,531,700 shares during the period. Geode Capital Management LLC raised its position in Howmet Aerospace by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock valued at $2,316,277,000 after acquiring an additional 221,775 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock valued at $2,472,478,000 after acquiring an additional 177,533 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $335.00 price objective on shares of Howmet Aerospace in a research note on Monday, August 10th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $318.00 to $328.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada raised their price target on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. TD Cowen increased their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, UBS Group increased their price target on Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One equities research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $316.22.

Howmet Aerospace Trading Down 3.1%

HWM stock opened at $263.12 on Tuesday. Howmet Aerospace Inc. has a 12-month low of $170.81 and a 12-month high of $310.00. The business’s 50-day moving average is $278.46 and its 200 day moving average is $259.33. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The stock has a market cap of $105.28 billion, a price-to-earnings ratio of 56.71, a PEG ratio of 1.94 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last announced its 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. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. 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. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.

Howmet Aerospace Company 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.