Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 827,177 shares of the company’s stock after buying an additional 35,687 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Howmet Aerospace were worth $175,122,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Howmet Aerospace during the third quarter valued at about $32,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter worth about $33,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth about $36,000. 90.46% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Neil Edward Marchuk sold 45,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the completion of the transaction, the executive vice president owned 107,008 shares in the company, valued at $26,933,913.60. The trade was a 29.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Barbara Lou Shultz sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $260.00, for a total transaction of $260,000.00. Following the transaction, the vice president owned 23,874 shares of the company’s stock, valued at $6,207,240. This represents a 4.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.85% of the company’s stock.
Howmet Aerospace Trading Up 5.9%
Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.12 billion. Howmet Aerospace had a return on equity of 30.41% and a net margin of 18.27%.The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Howmet Aerospace has set its Q1 2026 guidance at 1.090-1.110 EPS and its FY 2026 guidance at 4.350-4.550 EPS. On average, analysts anticipate that Howmet Aerospace Inc. will post 4.57 earnings per share for the current fiscal year.
Howmet Aerospace Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be issued a $0.12 dividend. The ex-dividend date of this dividend is 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 12.94%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on HWM shares. KeyCorp assumed coverage on Howmet Aerospace in a report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Bank of America lifted their price objective on Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Citigroup cut their target price on Howmet Aerospace from $283.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft set a $278.00 target price on Howmet Aerospace and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $227.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.89.
Read Our Latest Report on Howmet Aerospace
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.
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