Allspring Global Investments Holdings LLC Trims Stock Holdings in Howmet Aerospace Inc. $HWM

Allspring Global Investments Holdings LLC lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 23.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,369 shares of the company’s stock after selling 137,622 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Howmet Aerospace were worth $109,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HWM. UMB Bank n.a. raised its position in shares of Howmet Aerospace by 2.6% in the fourth quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after buying an additional 41 shares during the last quarter. Tudor Financial Inc. boosted its position in shares of Howmet Aerospace by 2.6% in the fourth quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock worth $338,000 after acquiring an additional 42 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Howmet Aerospace by 2.5% in the first quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock worth $399,000 after acquiring an additional 42 shares during the last quarter. Roman Butler Fullerton & Co. grew its stake in shares of Howmet Aerospace by 0.4% during the 1st quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after buying an additional 42 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Howmet Aerospace by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,077 shares of the company’s stock worth $221,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.4%

Shares of NYSE HWM opened at $272.26 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $266.31 and its two-hundred day moving average price is $246.67. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-week high of $290.63. The stock has a market capitalization of $108.93 billion, a P/E ratio of 63.17, a PEG ratio of 2.13 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. 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 anticipate that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 11.14%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $318.00 target price on shares of Howmet Aerospace in a report on Tuesday, June 16th. KeyCorp started coverage on Howmet Aerospace in a research note on Wednesday, March 25th. They set a “sector weight” rating for the company. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Citigroup boosted their target price on Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $293.21.

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.