Cornerstone Advisors LLC Invests $3.86 Million in Howmet Aerospace Inc. $HWM

Cornerstone Advisors LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,371 shares of the company’s stock, valued at approximately $3,864,000.

Several other hedge funds also recently bought and sold shares of HWM. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in Howmet Aerospace by 8.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 475,814 shares of the company’s stock worth $96,916,000 after purchasing an additional 36,195 shares during the period. MUFG Securities EMEA plc raised its stake in Howmet Aerospace by 752.6% in the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock valued at $13,487,000 after buying an additional 58,067 shares during the period. M&T Bank Corp raised its stake in Howmet Aerospace by 75.0% in the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock valued at $8,810,000 after buying an additional 18,417 shares during the period. Sequoia Financial Advisors LLC raised its stake in Howmet Aerospace by 57.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock valued at $2,909,000 after buying an additional 5,181 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Howmet Aerospace by 9.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 315,508 shares of the company’s stock valued at $64,685,000 after buying an additional 28,217 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company reiterated an “outperform” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. Morgan Stanley restated an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $370.00 target price on shares of Howmet Aerospace in a report on Sunday, August 9th. Weiss Ratings lowered shares of Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Finally, Susquehanna increased their price target on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued 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 Trading Up 0.1%

HWM opened at $289.37 on Tuesday. Howmet Aerospace Inc. has a twelve month low of $169.45 and a twelve month high of $310.00. The company has a 50-day simple moving average of $276.89 and a 200 day simple moving average of $256.96. 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 stock has a market capitalization of $115.78 billion, a price-to-earnings ratio of 62.36, a P/E/G ratio of 2.07 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS 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 the consensus estimate of $2.43 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company’s revenue 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 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be paid a $0.14 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. Howmet Aerospace’s payout ratio is currently 12.07%.

Howmet Aerospace 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.