iA Global Asset Management Inc. Sells 2,377 Shares of Howmet Aerospace Inc. $HWM

iA Global Asset Management Inc. lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 24,945 shares of the company’s stock after selling 2,377 shares during the period. iA Global Asset Management Inc.’s holdings in Howmet Aerospace were worth $5,749,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its position in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at about $25,000. Sound Income Strategies LLC lifted its stake in Howmet Aerospace by 66.7% in the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after buying an additional 50 shares during the period. Cornerstone Financial Management LLC bought a new position in Howmet Aerospace during the fourth quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC grew 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 worth $28,000 after buying an additional 54 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM opened at $267.35 on Thursday. 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 Inc. has a twelve month low of $169.45 and a twelve month high of $290.63. The firm’s 50 day moving average price is $260.35 and its two-hundred day moving average price is $241.06. The firm has a market cap of $106.97 billion, a P/E ratio of 62.03, a PEG ratio of 2.13 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue 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. On average, analysts forecast that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 11.14%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Truist Financial set a $280.00 target price on shares of Howmet Aerospace in a research note on Wednesday, March 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. Wolfe Research set a $270.00 price target on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $287.95.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the 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 completion of the transaction, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company’s stock.

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.