Howmet Aerospace (NYSE:HWM) Stock Falls 2% on Analyst Downgrade

Howmet Aerospace Inc. (NYSE:HWM)’s stock price traded down 2% during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $315.00 to $255.00. Wells Fargo & Company currently has an equal weight rating on the stock. Howmet Aerospace traded as low as $226.02 and last traded at $226.4280. 2,670,378 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 2,728,005 shares. The stock had previously closed at $230.94.

HWM has been the topic of a number of other reports. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Guggenheim assumed coverage on Howmet Aerospace in a report on Monday, September 14th. They issued a “buy” rating and a $350.00 target price for the company. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $318.00 to $328.00 and gave the company an “outperform” rating in a research report on Monday, August 24th. BTIG Research increased their price target on Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Wall Street Zen downgraded Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $314.84.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently bought and sold shares of the business. West Paces Advisors Inc. bought a new position in Howmet Aerospace in the 2nd quarter valued at $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $28,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after purchasing an additional 38 shares during the period. Markowski Investments purchased a new stake in shares of Howmet Aerospace during the second quarter valued at $29,000. Finally, MV Capital Management Inc. bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 2.0%

The stock’s fifty day moving average price is $261.06 and its 200 day moving average price is $258.15. 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 stock has a market capitalization of $90.60 billion, a P/E ratio of 48.80, a PEG ratio of 2.06 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. The company had revenue of $2.55 billion during 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 revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the business posted $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. Research analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace’s dividend payout ratio is 12.07%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.