Renaissance Technologies LLC Buys 243,600 Shares of Howmet Aerospace Inc. $HWM

Renaissance Technologies LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 131.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 429,488 shares of the company’s stock after purchasing an additional 243,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Howmet Aerospace were worth $98,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gabelli Funds LLC grew its holdings in shares of Howmet Aerospace by 1.9% in the 1st quarter. Gabelli Funds LLC now owns 136,791 shares of the company’s stock worth $31,525,000 after purchasing an additional 2,490 shares during the last quarter. Pennington Partners & CO. LLC bought a new position in Howmet Aerospace during the 1st quarter valued at about $220,000. Caxton Associates LLP lifted its holdings in Howmet Aerospace by 36.7% during the 1st quarter. Caxton Associates LLP now owns 9,163 shares of the company’s stock valued at $2,112,000 after purchasing an additional 2,458 shares during the last quarter. Greenline Wealth Management LLC lifted its holdings in Howmet Aerospace by 15.5% during the 1st quarter. Greenline Wealth Management LLC now owns 1,407 shares of the company’s stock valued at $324,000 after purchasing an additional 189 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Howmet Aerospace by 3.0% in the first quarter. Sei Investments Co. now owns 749,623 shares of the company’s stock valued at $172,756,000 after buying an additional 21,766 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 0.7%

Shares of HWM opened at $289.09 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 12-month low of $169.45 and a 12-month high of $293.00. The firm has a market capitalization of $115.67 billion, a PE ratio of 67.07, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. The stock’s fifty day simple moving average is $267.50 and its 200-day simple moving average is $249.26.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, research analysts predict that Howmet Aerospace Inc. will post 5.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HWM. Susquehanna upped their price objective on shares of Howmet Aerospace from $300.00 to $330.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 target price 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 report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 target price on the stock. UBS Group increased their price target on shares of Howmet Aerospace from $260.00 to $290.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, BTIG Research increased their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $293.21.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’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 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 is available through this hyperlink. 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.