Howmet Aerospace (NYSE:HWM) Shares Gap Down – What’s Next?

Howmet Aerospace Inc. (NYSE:HWM)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $259.27, but opened at $242.81. Howmet Aerospace shares last traded at $240.6660, with a volume of 1,021,264 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on HWM. Jefferies Financial Group reissued a “buy” rating and set a $370.00 price target on shares of Howmet Aerospace in a report on Sunday, August 9th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Tuesday, September 1st. BTIG Research raised their price target on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $316.22.

Howmet Aerospace Stock Up 0.4%

The stock has a 50 day moving average price of $273.79 and a 200 day moving average price of $261.01. The stock has a market capitalization of $92.99 billion, a price-to-earnings ratio of 50.09, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate 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 was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds have recently modified their holdings of HWM. West Paces Advisors Inc. bought a new position in Howmet Aerospace during the 2nd quarter worth $27,000. Bartlett & CO. Wealth Management LLC grew its position in shares of Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after buying an additional 38 shares during the last quarter. Markowski Investments acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $29,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $25,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Howmet Aerospace by 119.7% during 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 last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company’s aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.