14,371 Shares in Howmet Aerospace Inc. $HWM Bought by Cornerstone Advisors LLC

Cornerstone Advisors LLC acquired 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 firm acquired 14,371 shares of the company’s stock, valued at approximately $3,864,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Newbridge Financial Services Group Inc. boosted its holdings in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. West Paces Advisors Inc. bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after acquiring an additional 54 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $289.37 on Tuesday. 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 firm has a 50-day moving average of $276.89 and a 200-day moving average of $256.96. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $310.00. The company has a market cap of $115.78 billion, a P/E ratio of 62.36, a P/E/G ratio of 2.07 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. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.Howmet Aerospace’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period 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. Equities research analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a 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 is Friday, August 7th. Howmet Aerospace’s payout ratio is currently 12.07%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research reports. BNP Paribas Exane restated an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. BTIG Research upped their price objective on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 10th. TD Cowen increased their price objective on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $320.00 price objective on shares of Howmet Aerospace in a research report on Friday, May 8th. Finally, Royal Bank Of Canada boosted their target price on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One research 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. According to data from MarketBeat, the company currently 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.