Bessemer Group Inc. Reduces Holdings in Howmet Aerospace Inc. $HWM

Bessemer Group Inc. trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,149,709 shares of the company’s stock after selling 117,939 shares during the quarter. Howmet Aerospace makes up approximately 0.7% of Bessemer Group Inc.’s investment portfolio, making the stock its 26th largest position. Bessemer Group Inc.’s holdings in Howmet Aerospace were worth $440,735,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its stake 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 last quarter. Sound Income Strategies LLC boosted its stake in Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after buying an additional 50 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Howmet Aerospace during the third quarter worth $32,000. Flagship Wealth Advisors LLC acquired a new position in Howmet Aerospace during the third quarter worth $33,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Howmet Aerospace during the fourth quarter worth $36,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $260.00, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 45,150 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the transaction, the executive vice president directly owned 107,008 shares in the company, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 88,082 shares of company stock worth $22,924,929. Corporate insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Howmet Aerospace in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Wolfe Research set a $270.00 price objective on Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $280.00 price objective on shares of Howmet Aerospace in a research note on Tuesday, February 17th. KeyCorp assumed coverage on Howmet Aerospace in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Finally, Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.84.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $272.02 on Friday. Howmet Aerospace Inc. has a 52 week low of $159.00 and a 52 week high of $280.74. The business’s fifty day simple moving average is $246.95 and its 200-day simple moving average is $226.23. The firm has a market cap of $108.84 billion, a PE ratio of 63.11, a price-to-earnings-growth ratio of 2.17 and a beta of 1.19. 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 announced its quarterly earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The company’s quarterly 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. Equities analysts forecast that Howmet Aerospace Inc. will post 5.02 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 8th. Howmet Aerospace’s dividend payout ratio is 11.14%.

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.