Dana Investment Advisors Inc. lessened its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 6.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,759 shares of the company’s stock after selling 2,916 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Howmet Aerospace were worth $8,151,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of HWM. Newbridge Financial Services Group Inc. lifted its holdings 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 valued at $25,000 after buying an additional 73 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Howmet Aerospace by 66.7% in the 4th 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. Manning & Napier Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $32,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $33,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 90.46% of the company’s stock.
Insider Activity
In related news, VP Barbara Lou Shultz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the completion of the transaction, the vice president owned 23,874 shares in the company, valued at $6,207,240. This represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the transaction, the executive vice president owned 107,008 shares of the company’s stock, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 88,082 shares of company stock valued at $22,924,929. Insiders own 0.85% of the company’s stock.
Howmet Aerospace Trading Down 4.4%
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 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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’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. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 5.02 EPS for the current fiscal year.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, May 8th. Howmet Aerospace’s dividend payout ratio is 11.14%.
Analyst Ratings Changes
HWM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. Wolfe Research set a $270.00 target price on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Morgan Stanley reissued an “overweight” rating and set a $315.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. The Goldman Sachs Group set a $228.00 target price on shares of Howmet Aerospace in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.84.
View Our Latest Stock Analysis on HWM
Howmet Aerospace 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.
Featured Articles
- Five stocks we like better than Howmet Aerospace
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM – Free Report).
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
