Howmet Aerospace Inc. $HWM is Chase Investment Counsel Corp’s 8th Largest Position

Chase Investment Counsel Corp raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 43,582 shares of the company’s stock after buying an additional 2,410 shares during the quarter. Howmet Aerospace comprises approximately 2.6% of Chase Investment Counsel Corp’s holdings, making the stock its 8th largest holding. Chase Investment Counsel Corp’s holdings in Howmet Aerospace were worth $10,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HWM. State Street Corp increased its stake in shares of Howmet Aerospace by 2.2% in the fourth quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after acquiring an additional 400,767 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Howmet Aerospace by 27.0% during 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 during the last quarter. Geode Capital Management LLC lifted its position in 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 Howmet Aerospace during the fourth quarter valued at $1,793,698,000. Finally, Morgan Stanley lifted its position in 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 during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

HWM has been the topic of several analyst reports. Wall Street Zen downgraded Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Jefferies Financial Group boosted their price objective on Howmet Aerospace from $320.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Citigroup upped their target price on Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. KeyCorp assumed coverage on Howmet Aerospace in a report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.21.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $278.98 on Wednesday. The company has a market capitalization of $111.62 billion, a P/E ratio of 64.73, a P/E/G ratio of 2.14 and a beta of 1.19. The business’s 50 day moving average is $266.46 and its two-hundred day moving average is $247.91. The company has a current ratio of 2.44, a quick ratio of 1.59 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 $290.63.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. The company 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 quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the company 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. Analysts expect that Howmet Aerospace Inc. will post 5.05 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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