Ritholtz Wealth Management Acquires 3,521 Shares of Howmet Aerospace Inc. $HWM

Ritholtz Wealth Management raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 117.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,522 shares of the company’s stock after purchasing an additional 3,521 shares during the period. Ritholtz Wealth Management’s holdings in Howmet Aerospace were worth $1,503,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HWM. Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the period. Acumen Wealth Advisors LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth $25,000. Sound Income Strategies LLC lifted its stake in shares of Howmet Aerospace by 66.7% during the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Financial Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Howmet Aerospace by 65.1% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 1.7%

Shares of NYSE:HWM opened at $268.43 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. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-week high of $290.63. The stock has a market cap of $107.40 billion, a price-to-earnings ratio of 62.28, a PEG ratio of 2.13 and a beta of 1.19. The business has a 50-day moving average price of $259.42 and a 200-day moving average price of $239.15.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.Howmet Aerospace’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. 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. Equities analysts predict that Howmet Aerospace Inc. will post 5.04 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. 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 presently 11.14%.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. UBS Group raised their price objective on Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Truist Financial set a $280.00 target price on Howmet Aerospace in a research note on Wednesday, March 11th. 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 report on Monday, May 11th. Finally, Wells Fargo & Company began coverage on Howmet Aerospace in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 price target for the company. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $287.53.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction that occurred 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 owned 65,105 shares of the company’s stock, valued at $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 is available through this link. Corporate insiders own 0.85% of the company’s stock.

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.