Howmet Aerospace Inc. $HWM Shares Bought by Allstate Corp

Allstate Corp grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 106.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,976 shares of the company’s stock after acquiring an additional 14,937 shares during the quarter. Allstate Corp’s holdings in Howmet Aerospace were worth $5,941,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in Howmet Aerospace by 47.6% during the 4th quarter. Fisher Asset Management LLC now owns 3,879 shares of the company’s stock worth $795,000 after purchasing an additional 1,251 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in Howmet Aerospace by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 1,128 shares of the company’s stock worth $231,000 after purchasing an additional 65 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Howmet Aerospace by 12.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,862 shares of the company’s stock worth $382,000 after acquiring an additional 207 shares during the period. RHL Group LLC purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $39,000. Finally, Genus Capital Management Inc. purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $1,251,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the subject of a number of analyst reports. BTIG Research upped their price target on Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Bank of America upped their price target on Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Morgan Stanley restated an “overweight” rating and issued a $315.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. 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. Finally, Jefferies Financial Group restated a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Sunday, May 10th. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $285.53.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the transaction, the executive vice president directly owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Barbara Lou Shultz sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the transaction, the vice president directly owned 23,874 shares in the company, valued at $6,207,240. This trade represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.85% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $262.01 on Wednesday. The stock has a market cap of $104.83 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $248.22 and a 200-day moving average of $229.28. Howmet Aerospace Inc. has a 52 week low of $165.51 and a 52 week high of $280.74.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data 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 firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. 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. On average, analysts expect that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 8th. Howmet Aerospace’s dividend payout ratio (DPR) is 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.