OneDigital Investment Advisors LLC Buys New Stake in Howmet Aerospace Inc. $HWM

OneDigital Investment Advisors LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, Holdings Channel.com reports. The fund purchased 4,986 shares of the company’s stock, valued at approximately $1,340,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its position in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares during the period. Acumen Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $25,000. West Paces Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $28,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of Howmet Aerospace by 65.1% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.1%

Shares of HWM opened at $289.37 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-week high of $310.00. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average is $276.89 and its two-hundred day moving average is $256.96. The stock has a market cap of $115.78 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last released its 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 during 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 company’s revenue for the quarter 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. Research analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal 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 paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio is currently 12.07%.

Analyst Ratings Changes

A number of research firms recently weighed in on HWM. Royal Bank Of Canada upped their price target on Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $335.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. UBS Group boosted their price objective 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 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, TD Cowen increased their target price on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $315.67.

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.