BI Asset Management Fondsmaeglerselskab A S Buys 10,868 Shares of Howmet Aerospace Inc. $HWM

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 28.4% during the first quarter, HoldingsChannel.com reports. The fund owned 49,159 shares of the company’s stock after purchasing an additional 10,868 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Howmet Aerospace were worth $11,329,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Acumen Wealth Advisors LLC bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $25,000. Sound Income Strategies LLC grew its holdings in Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the period. Vermillion & White Wealth Management Group LLC raised its position in shares of Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after purchasing an additional 54 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $28,000. 90.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction dated 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 in the company, valued at $17,545,797.50. The trade was a 39.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. UBS Group lifted their target price on shares of Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Truist Financial set a $280.00 target price on shares of Howmet Aerospace in a research report on Wednesday, March 11th. KeyCorp began coverage on shares of Howmet Aerospace in a report on Wednesday, March 25th. They set a “sector weight” rating for the company. Finally, Susquehanna raised their price target on Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.53.

Howmet Aerospace Price Performance

NYSE:HWM opened at $278.25 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. Howmet Aerospace Inc. has a one year low of $169.06 and a one year high of $290.63. The company has a fifty day moving average price of $257.48 and a 200 day moving average price of $236.65. The stock has a market cap of $111.33 billion, a P/E ratio of 64.56, a PEG ratio of 2.20 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last posted 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 net margin of 20.23% and a return on equity of 29.27%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business posted $0.86 EPS. The business’s quarterly revenue 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. Analysts anticipate that Howmet Aerospace Inc. will post 5.04 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is 11.14%.

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.