Legal & General Group Plc Reduces Position in Howmet Aerospace Inc. $HWM

Legal & General Group Plc lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,416,940 shares of the company’s stock after selling 98,852 shares during the quarter. Legal & General Group Plc’s holdings in Howmet Aerospace were worth $495,521,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HWM. Newbridge Financial Services Group Inc. boosted its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the period. Sound Income Strategies LLC raised its holdings 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. Laurel Wealth Advisors LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $36,000. Harbor Investment Advisory LLC raised its holdings in shares of Howmet Aerospace by 339.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 180 shares of the company’s stock valued at $37,000 after acquiring an additional 139 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $256.52 on Tuesday. The stock has a fifty day simple moving average of $247.72 and a two-hundred day simple moving average of $228.89. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. The company has a market cap of $102.64 billion, a price-to-earnings ratio of 59.52, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. Howmet Aerospace Inc. has a 12-month low of $160.01 and a 12-month high of $280.74.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate 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 in the prior 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. Research analysts predict that Howmet Aerospace Inc. will post 5.04 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed 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 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 is 11.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HWM. Royal Bank Of Canada upped their target price on Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wells Fargo & Company began coverage on Howmet Aerospace in a report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 target price for the company. BNP Paribas Exane restated 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. Finally, BTIG Research upped their target price on Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, May 8th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $285.53.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,000 shares of the 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 completion of the transaction, the vice president owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. This trade represents a 4.02% decrease in their position. The SEC filing for this sale provides additional information. 0.85% of the stock is currently owned by corporate insiders.

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.