Wells Fargo & Company Cuts Howmet Aerospace (NYSE:HWM) Price Target to $255.00

Howmet Aerospace (NYSE:HWM) had its price target cut by Wells Fargo & Company from $315.00 to $255.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently weighed in on HWM. Guggenheim assumed coverage on shares of Howmet Aerospace in a research note on Monday, September 14th. They issued a “buy” rating and a $350.00 target price for the company. TD Cowen increased their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Morgan Stanley reissued an “overweight” rating and issued a $335.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. Susquehanna boosted their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein upped their price objective on Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $314.84.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $231.48 on Wednesday. Howmet Aerospace has a 52 week low of $183.83 and a 52 week high of $310.00. The stock has a market capitalization of $92.62 billion, a PE ratio of 49.89, a PEG ratio of 2.06 and a beta of 1.21. 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 stock’s fifty day moving average is $257.63 and its 200-day moving average is $257.78.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (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 firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Equities research analysts expect that Howmet Aerospace will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio is presently 12.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. West Paces Advisors Inc. bought a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $27,000. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Howmet Aerospace by 55.1% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after purchasing an additional 38 shares during the last quarter. Markowski Investments bought a new stake in shares of Howmet Aerospace in the second quarter worth $29,000. Cornerstone Financial Management LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $28,000. Finally, Wilkerson Advisory Group LLC boosted its holdings in Howmet Aerospace by 129.7% during the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the company’s stock worth $34,000 after purchasing an additional 83 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

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.