Howmet Aerospace Inc. $HWM Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 390.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 145,800 shares of the company’s stock after purchasing an additional 116,100 shares during the period. Alberta Investment Management Corp’s holdings in Howmet Aerospace were worth $29,892,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of HWM. State Street Corp lifted its stake in Howmet Aerospace by 2.2% in the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock valued at $3,765,280,000 after buying an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Howmet Aerospace by 27.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock valued at $3,409,936,000 after acquiring an additional 3,531,700 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Howmet Aerospace by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock worth $2,316,277,000 after acquiring an additional 221,775 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Howmet Aerospace by 2.4% in the third quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock worth $2,134,545,000 after acquiring an additional 255,419 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $1,793,698,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.8%

NYSE HWM opened at $278.25 on Friday. The business’s fifty day simple moving average is $256.91 and its 200-day simple moving average is $236.09. 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 firm has a market cap of $111.33 billion, a PE ratio of 64.56, a P/E/G ratio of 2.24 and a beta of 1.19. Howmet Aerospace Inc. has a 52 week low of $169.06 and a 52 week high of $290.63.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. Howmet Aerospace’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. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 5.04 earnings per share for the current 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. The ex-dividend date was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 11.14%.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. BNP Paribas Exane reissued an “outperform” rating and issued a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Citigroup lifted their target price on shares of Howmet Aerospace from $271.00 to $303.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. JPMorgan Chase & Co. increased their target price 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. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $318.00 price target on shares of Howmet Aerospace in a research note on Tuesday. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $287.53.

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.