Kornitzer Capital Management Inc. KS Has $4.48 Million Position in Howmet Aerospace Inc. $HWM

Kornitzer Capital Management Inc. KS lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 46.7% in the 1st quarter, HoldingsChannel reports. The firm owned 19,425 shares of the company’s stock after selling 17,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Howmet Aerospace were worth $4,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in Howmet Aerospace in the 4th quarter valued at about $1,793,698,000. Price T Rowe Associates Inc. MD lifted its stake in Howmet Aerospace by 27.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock valued at $3,409,936,000 after acquiring an additional 3,531,700 shares in the last quarter. Auto Owners Insurance Co lifted its position in shares of Howmet Aerospace by 20,402.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company’s stock valued at $29,562,000 after purchasing an additional 1,434,873 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Howmet Aerospace by 27.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,754,204 shares of the company’s stock valued at $564,667,000 after acquiring an additional 599,151 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Howmet Aerospace by 56.3% during the fourth quarter. Franklin Resources Inc. now owns 1,433,811 shares of the company’s stock worth $293,960,000 after acquiring an additional 516,570 shares during the period. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HWM shares. Morgan Stanley restated an “overweight” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. UBS Group boosted their price target on shares of Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 5th. Finally, Citigroup lifted their price objective on shares of Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $289.00.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace 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 transaction of $11,300,674.00. Following the sale, the executive vice president owned 65,105 shares of the company’s stock, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.85% of the stock is owned by insiders.

Howmet Aerospace Stock Performance

NYSE HWM traded down $2.89 during trading on Friday, hitting $270.88. 1,457,967 shares of the company’s stock traded hands, compared to its average volume of 3,342,698. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. The stock has a market capitalization of $108.38 billion, a price-to-earnings ratio of 62.85, a PEG ratio of 2.13 and a beta of 1.19. Howmet Aerospace Inc. has a 12-month low of $169.45 and a 12-month high of $290.63. The business has a 50 day moving average of $264.62 and a 200-day moving average of $244.46.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.11. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.86 earnings per share. The company’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. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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