Howmet Aerospace (NYSE:HWM) Sets New 12-Month High – Still a Buy?

Howmet Aerospace Inc. (NYSE:HWM) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $282.69 and last traded at $283.8320, with a volume of 661049 shares. The stock had previously closed at $277.42.

Analyst Ratings Changes

Several analysts have commented on the stock. BTIG Research raised their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $320.00 price objective on shares of Howmet Aerospace in a research report on Friday, May 8th. Wells Fargo & Company began coverage on shares of Howmet Aerospace in a report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Finally, Truist Financial set a $280.00 price objective on shares of Howmet Aerospace in a research report on Wednesday, March 11th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $287.53.

Howmet Aerospace Stock Performance

The stock has a 50-day moving average of $256.91 and a 200-day moving average of $236.09. The firm has a market cap of $111.33 billion, a price-to-earnings ratio of 64.56, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Howmet Aerospace has set its FY 2026 guidance at 4.880-5.000 EPS and its Q2 2026 guidance at 1.220-1.240 EPS. As a group, analysts anticipate that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 11.14%.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently added to or reduced their stakes in HWM. State Street Corp increased its position 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 valued at $3,765,280,000 after acquiring an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 valued at $3,409,936,000 after purchasing an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC grew its stake in Howmet Aerospace by 2.0% in 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 purchasing an additional 221,775 shares in the last quarter. Bank of America Corp DE grew its stake in Howmet Aerospace by 2.4% in the third quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after purchasing an additional 255,419 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $1,793,698,000. 90.46% of the stock is owned by institutional investors.

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.