The Manufacturers Life Insurance Company Takes Position in Howmet Aerospace Inc. $HWM

The Manufacturers Life Insurance Company purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 207,563 shares of the company’s stock, valued at approximately $55,805,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Howmet Aerospace during the first quarter worth $399,000. Sivia Capital Partners LLC acquired a new stake in Howmet Aerospace in the second quarter valued at $216,000. Brown Advisory Inc. grew its holdings in Howmet Aerospace by 31.0% in the second quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock valued at $778,000 after purchasing an additional 990 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in Howmet Aerospace in the second quarter valued at $145,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the subject of several research reports. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Wednesday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, August 10th. UBS Group lifted 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $316.22.

Howmet Aerospace Trading Up 0.3%

Howmet Aerospace stock opened at $264.17 on Wednesday. The stock has a 50-day moving average price of $278.18 and a 200 day moving average price of $259.72. Howmet Aerospace Inc. has a 52 week low of $170.81 and a 52 week high of $310.00. The stock has a market cap of $105.70 billion, a PE ratio of 56.93, a P/E/G ratio of 1.88 and a beta of 1.20. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.

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 analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s quarterly 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. Equities research analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 12.07%.

Howmet Aerospace Company 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.