OMERS ADMINISTRATION Corp Acquires Shares of 68,302 Howmet Aerospace Inc. $HWM

OMERS ADMINISTRATION Corp purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, Holdings Channel reports. The institutional investor purchased 68,302 shares of the company’s stock, valued at approximately $18,364,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Howmet Aerospace during the 2nd quarter valued at $12,318,939,000. State Street Corp lifted its position in shares of Howmet Aerospace by 2.2% during the fourth quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after acquiring an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after acquiring an additional 3,531,700 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Howmet Aerospace by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock worth $2,316,277,000 after acquiring an additional 221,775 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock worth $2,472,478,000 after acquiring an additional 177,533 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $271.58 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The stock’s 50-day simple moving average is $278.62 and its two-hundred day simple moving average is $258.98. The firm has a market capitalization of $108.66 billion, a P/E ratio of 58.53, a P/E/G ratio of 1.94 and a beta of 1.20. Howmet Aerospace Inc. has a twelve month low of $170.24 and a twelve month high of $310.00.

Howmet Aerospace (NYSE:HWM) last announced its earnings results 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 business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. Howmet Aerospace’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the firm 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. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HWM. Citigroup reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and issued a $370.00 target price on shares of Howmet Aerospace in a research note on Sunday, August 9th. Susquehanna lifted their target price on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a report on Friday, August 7th. BNP Paribas Exane reiterated an “outperform” rating and set a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Finally, UBS Group increased their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” 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 stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $315.67.

About Howmet Aerospace

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.