Howmet Aerospace (NYSE:HWM) Hits New 12-Month Low – Here’s What Happened

Howmet Aerospace Inc. (NYSE:HWM) shares reached a new 52-week low during mid-day trading on Friday. The company traded as low as $183.52 and last traded at $187.1710, with a volume of 244,648 shares changing hands. The stock had previously closed at $193.29.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Guggenheim assumed coverage on shares of Howmet Aerospace in a report on Monday, September 14th. They issued a “buy” rating and a $350.00 price target for the company. BNP Paribas Exane decreased their price target on shares of Howmet Aerospace from $345.00 to $310.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. Royal Bank Of Canada decreased their price target on shares of Howmet Aerospace from $350.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $310.29.

Howmet Aerospace Stock Down 3.2%

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 business has a 50-day simple moving average of $239.34 and a two-hundred day simple moving average of $256.37. The stock has a market capitalization of $74.89 billion, a P/E ratio of 40.25, a PEG ratio of 1.87 and a beta of 1.21.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. 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. Equities research analysts forecast that Howmet Aerospace Inc. will post 5.34 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, November 6th. Howmet Aerospace’s payout ratio is currently 12.07%.

Hedge Funds Weigh In On Howmet Aerospace

A number of institutional investors have recently modified their holdings of HWM. Gibbs Wealth Management increased its holdings in shares of Howmet Aerospace by 55.0% in the third quarter. Gibbs Wealth Management now owns 1,283 shares of the company’s stock valued at $290,000 after purchasing an additional 455 shares in the last quarter. Lantern Wealth Advisors LLC raised its position in Howmet Aerospace by 8.5% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 3,270 shares of the company’s stock worth $740,000 after purchasing an additional 255 shares during the last quarter. XXI Wealth LLC lifted its holdings in Howmet Aerospace by 31.6% during the 3rd quarter. XXI Wealth LLC now owns 6,857 shares of the company’s stock worth $1,551,000 after buying an additional 1,648 shares in the last quarter. Brookstone Capital Management lifted its holdings in Howmet Aerospace by 878.0% during the 3rd quarter. Brookstone Capital Management now owns 38,435 shares of the company’s stock worth $8,693,000 after buying an additional 34,505 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in Howmet Aerospace by 7.8% during the 3rd quarter. Root Financial Partners LLC now owns 983 shares of the company’s stock worth $222,000 after buying an additional 71 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.