Howmet Aerospace Inc. $HWM Shares Sold by Capital World Investors
by Sarita Garza · The Markets DailyCapital World Investors trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 79.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 733,386 shares of the company’s stock after selling 2,813,908 shares during the period. Capital World Investors’ holdings in Howmet Aerospace were worth $150,359,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after acquiring an additional 130 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 1st quarter valued at approximately $399,000. Sivia Capital Partners LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $216,000. Brown Advisory Inc. raised its position in shares of Howmet Aerospace by 31.0% during the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock valued at $778,000 after acquiring an additional 990 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter valued at approximately $145,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.85% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HWM. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $280.00 price target on shares of Howmet Aerospace in a research report on Tuesday, February 17th. KeyCorp began coverage on Howmet Aerospace in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. The Goldman Sachs Group set a $228.00 price target on Howmet Aerospace in a research report on Tuesday, February 17th. Finally, BNP Paribas Exane reissued 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. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $285.53.
Howmet Aerospace Trading Down 2.1%
NYSE:HWM opened at $246.53 on Tuesday. Howmet Aerospace Inc. has a 1 year low of $165.51 and a 1 year high of $280.74. The stock has a market cap of $98.64 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 1.99 and a beta of 1.19. The business has a fifty day moving average of $251.14 and a 200-day moving average of $232.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44.
Howmet Aerospace (NYSE:HWM – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.11. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Howmet Aerospace has set its FY 2026 guidance at 4.880-5.000 EPS and its Q2 2026 guidance at 1.220-1.240 EPS. Equities analysts predict that Howmet Aerospace Inc. will post 5.04 earnings per share for the current year.
Howmet Aerospace Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 11.14%.
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.
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