Wealthfront Advisers LLC Invests $24.62 Million in Howmet Aerospace Inc. $HWM

Wealthfront Advisers LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, HoldingsChannel reports. The firm acquired 91,564 shares of the company’s stock, valued at approximately $24,618,000.

Several other institutional investors have also recently added to or reduced their stakes in HWM. BlackRock Inc. acquired a new stake in Howmet Aerospace during the second quarter worth approximately $12,318,939,000. Norges Bank acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $1,793,698,000. Bank of New York Mellon Corp purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at $1,099,765,000. Price T Rowe Associates Inc. MD grew its position in shares of Howmet Aerospace by 27.0% in the 4th 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 buying an additional 3,531,700 shares during the last quarter. Finally, Auto Owners Insurance Co raised its stake in Howmet Aerospace by 20,402.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company’s stock worth $29,562,000 after acquiring an additional 1,434,873 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HWM shares. BNP Paribas Exane reissued an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. UBS Group boosted their price target on Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Susquehanna lifted their target price on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $315.67.

Howmet Aerospace Stock Up 1.3%

HWM stock opened at $292.76 on Wednesday. The stock has a market capitalization of $117.14 billion, a PE ratio of 63.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. The company has a fifty day moving average of $277.61 and a 200-day moving average of $257.54. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $310.00.

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. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business’s revenue 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. As a group, analysts expect that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a dividend of $0.14 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. Howmet Aerospace’s dividend payout ratio 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.