Assenagon Asset Management S.A. Has $137.09 Million Position in Howmet Aerospace Inc. $HWM

Assenagon Asset Management S.A. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 143.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 594,851 shares of the company’s stock after acquiring an additional 350,985 shares during the period. Assenagon Asset Management S.A.’s holdings in Howmet Aerospace were worth $137,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HWM. Newbridge Financial Services Group Inc. boosted 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 acquiring an additional 73 shares during the period. Acumen Wealth Advisors LLC bought a new position in Howmet Aerospace during the fourth quarter worth $25,000. Sound Income Strategies LLC raised its stake in Howmet Aerospace by 66.7% during the 4th 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. Cornerstone Financial Management LLC acquired a new position in Howmet Aerospace during the 4th quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in Howmet Aerospace by 65.1% during the 4th 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 last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HWM. 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. Morgan Stanley restated an “overweight” rating and set a $315.00 price target on shares of Howmet Aerospace in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Tuesday, April 21st. Royal Bank Of Canada boosted their price objective on Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $287.53.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $269.50, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is currently owned by company insiders.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $275.85 on Thursday. The business has a 50 day simple moving average of $258.85 and a 200 day simple moving average of $238.38. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $290.63. The company has a market capitalization of $110.37 billion, a PE ratio of 64.00, a price-to-earnings-growth ratio of 2.18 and a beta of 1.19. 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 (NYSE:HWM) last released its quarterly earnings data 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 return on equity of 29.27% and a net margin of 20.23%.The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The business’s revenue for the quarter 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, sell-side analysts forecast that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.