Howmet Aerospace Inc. $HWM Stake Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 15.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,005,322 shares of the company’s stock after selling 707,868 shares during the period. Bank of New York Mellon Corp’s holdings in Howmet Aerospace were worth $923,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HWM. State Street Corp raised its stake in Howmet Aerospace by 2.2% during the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock valued at $3,765,280,000 after acquiring an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 worth $3,409,936,000 after purchasing an additional 3,531,700 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Howmet Aerospace by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock valued at $2,316,277,000 after purchasing an additional 221,775 shares during the period. Norges Bank acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $1,793,698,000. Finally, Morgan Stanley raised its stake in shares of Howmet Aerospace by 0.7% during the fourth quarter. Morgan Stanley now owns 5,533,106 shares of the company’s stock valued at $1,134,398,000 after purchasing an additional 39,873 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 0.8%

Shares of HWM stock opened at $278.91 on Thursday. The stock has a 50-day simple moving average of $266.30 and a 200 day simple moving average of $246.07. The stock has a market capitalization of $111.59 billion, a P/E ratio of 64.71, a P/E/G ratio of 2.17 and a beta of 1.19. Howmet Aerospace Inc. has a fifty-two week low of $169.45 and a fifty-two week high of $290.63. 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 (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $0.86 EPS. Howmet Aerospace’s revenue was up 19.1% on a year-over-year basis. 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 expect that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HWM shares. Wells Fargo & Company began coverage on shares of Howmet Aerospace in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 price objective for the company. BTIG Research boosted their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. UBS Group upped their price target on shares of Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. Finally, Citigroup increased their price objective on shares of Howmet Aerospace from $303.00 to $311.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.21.

Insiders Place Their Bets

In related 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 completion of the sale, the executive vice president directly owned 65,105 shares in the company, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.85% of the company’s stock.

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.