NewEdge Wealth LLC Buys Shares of 36,425 Howmet Aerospace Inc. $HWM

NewEdge Wealth LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,425 shares of the company’s stock, valued at approximately $9,793,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC lifted its position 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 buying an additional 38 shares during the last quarter. UMB Bank n.a. grew its position in shares of Howmet Aerospace by 2.6% in the 4th quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock worth $332,000 after buying an additional 41 shares during the last quarter. Tudor Financial Inc. raised its stake in shares of Howmet Aerospace by 2.6% during the 4th quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock worth $338,000 after acquiring an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Howmet Aerospace by 2.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock worth $399,000 after acquiring an additional 42 shares in the last quarter. Finally, Roman Butler Fullerton & Co. lifted its position in Howmet Aerospace by 0.4% during the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after acquiring an additional 42 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 3.1%

NYSE HWM opened at $283.47 on Thursday. Howmet Aerospace Inc. has a 12-month low of $169.45 and a 12-month high of $310.00. The company has a fifty day simple moving average of $278.29 and a two-hundred day simple moving average of $258.07. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The stock has a market cap of $113.42 billion, a P/E ratio of 61.09, a P/E/G ratio of 2.09 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last released its earnings results 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. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the firm earned $0.91 EPS. The firm’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. On average, analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a $0.14 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date is 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%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HWM shares. Wall Street Zen downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. Wells Fargo & Company reiterated an “outperform” rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday, August 12th. TD Cowen upped their target price on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, Susquehanna raised their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $315.67.

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.