Howmet Aerospace (NYSE:HWM) Upgraded to Strong-Buy at Guggenheim

Guggenheim upgraded shares of Howmet Aerospace (NYSE:HWM) to a strong-buy rating in a research note released on Monday morning,Zacks reports.

Several other research firms have also issued reports on HWM. Morgan Stanley reaffirmed an “overweight” rating and issued a $335.00 price objective on shares of Howmet Aerospace in a research note on Monday, August 10th. Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. 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. Sanford C. Bernstein boosted their price target on Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $318.00.

Howmet Aerospace Trading Up 1.3%

Shares of NYSE HWM opened at $227.69 on Monday. The stock has a market cap of $91.10 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.02 and a beta of 1.19. The business has a 50 day simple moving average of $269.21 and a 200 day simple moving average of $259.90. Howmet Aerospace has a 52 week low of $182.78 and a 52 week high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09. The firm had revenue of $2.55 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, research analysts predict that Howmet Aerospace will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced 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. The ex-dividend date was Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is 12.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HWM. BlackRock Inc. acquired a new position in Howmet Aerospace during the 2nd quarter valued at $12,318,939,000. Bank of America Corp DE bought a new stake in Howmet Aerospace in the 2nd quarter valued at $2,766,806,000. Norges Bank bought a new stake in Howmet Aerospace in the 4th quarter valued at $1,793,698,000. Jupiter Topco LLC acquired a new stake in Howmet Aerospace in the 2nd quarter worth $2,065,086,000. Finally, Bank of New York Mellon Corp acquired a new stake in Howmet Aerospace in the 2nd quarter worth $1,099,765,000. 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.