Man Group plc Invests $104.57 Million in Howmet Aerospace Inc. $HWM

Man Group plc purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 388,923 shares of the company’s stock, valued at approximately $104,566,000. Man Group plc owned about 0.10% of Howmet Aerospace as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Howmet Aerospace during the second quarter worth $12,318,939,000. Norges Bank purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $1,793,698,000. Jupiter Topco LLC purchased a new position in shares of Howmet Aerospace in the second quarter worth about $2,065,086,000. Bank of New York Mellon Corp acquired a new position in Howmet Aerospace during the second quarter worth about $1,099,765,000. Finally, 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 worth $3,409,936,000 after acquiring an additional 3,531,700 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $264.17 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The company has a market capitalization of $105.70 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. The firm’s 50-day moving average is $278.18 and its two-hundred day moving average is $259.72. Howmet Aerospace Inc. has a 12 month low of $170.81 and a 12 month high of $310.00.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. 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. Analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a $0.14 dividend. 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 was Friday, August 7th. Howmet Aerospace’s payout ratio is currently 12.07%.

Analysts Set New Price Targets

HWM has been the subject of a number of recent research reports. TD Cowen increased their price objective on shares of Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company restated an “outperform” rating and set a $315.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. Jefferies Financial Group restated a “buy” rating and issued a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. UBS Group increased their price target on Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, BNP Paribas Exane reiterated an “outperform” rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. One equities 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $316.22.

About Howmet Aerospace

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.