38,642 Shares in Howmet Aerospace Inc. $HWM Bought by OP Asset Management Ltd

OP Asset Management Ltd purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the first quarter, HoldingsChannel reports. The fund purchased 38,642 shares of the company’s stock, valued at approximately $8,905,000.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in shares of Howmet Aerospace by 143.9% in the first quarter. Assenagon Asset Management S.A. now owns 594,851 shares of the company’s stock valued at $137,089,000 after purchasing an additional 350,985 shares during the period. CENTRAL TRUST Co lifted its holdings in shares of Howmet Aerospace by 12.3% during the first quarter. CENTRAL TRUST Co now owns 7,744 shares of the company’s stock worth $1,785,000 after purchasing an additional 850 shares during the period. Cidel Asset Management Inc. acquired a new stake in shares of Howmet Aerospace during the first quarter worth about $336,000. Guyasuta Investment Advisors Inc. increased its holdings in Howmet Aerospace by 0.8% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 6,116 shares of the company’s stock worth $1,409,000 after buying an additional 49 shares during the period. Finally, Krilogy Financial LLC increased its holdings in Howmet Aerospace by 23.0% in the 1st quarter. Krilogy Financial LLC now owns 9,313 shares of the company’s stock worth $2,306,000 after buying an additional 1,743 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.5%

HWM stock opened at $272.04 on Friday. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $290.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. The firm’s fifty day moving average is $259.14 and its 200 day moving average is $238.95. The firm has a market cap of $108.84 billion, a PE ratio of 63.12, a P/E/G ratio of 2.19 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.22 earnings per share 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 business 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 posted $0.86 earnings per share. The company’s 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, research analysts forecast that Howmet Aerospace Inc. will post 5.04 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were issued 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%.

Wall Street Analyst Weigh In

Several brokerages have commented on HWM. Morgan Stanley restated an “overweight” rating and set a $315.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Wells Fargo & Company began coverage on shares of Howmet Aerospace in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 price objective on the stock. Royal Bank Of Canada raised their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. BNP Paribas Exane restated an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.53.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

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.