California State Teachers Retirement System Cuts Stock Holdings in Howmet Aerospace Inc. $HWM

California State Teachers Retirement System decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 579,445 shares of the company’s stock after selling 15,421 shares during the quarter. California State Teachers Retirement System’s holdings in Howmet Aerospace were worth $133,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HWM. Empowered Funds LLC boosted its holdings in Howmet Aerospace by 15.3% during the first quarter. Empowered Funds LLC now owns 85,537 shares of the company’s stock worth $19,713,000 after purchasing an additional 11,351 shares during the last quarter. Quantinno Capital Management LP grew its position in Howmet Aerospace by 28.3% in the 1st quarter. Quantinno Capital Management LP now owns 501,353 shares of the company’s stock worth $115,542,000 after purchasing an additional 110,610 shares in the last quarter. Owl Creek Asset Management L.P. purchased a new stake in Howmet Aerospace in the 1st quarter valued at about $1,565,000. Lazard Asset Management LLC increased its stake in Howmet Aerospace by 107.1% in the 1st quarter. Lazard Asset Management LLC now owns 13,569 shares of the company’s stock valued at $3,127,000 after buying an additional 7,018 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Howmet Aerospace during the 1st quarter worth approximately $4,827,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HWM. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research report on Friday, May 8th. Wells Fargo & Company assumed coverage on shares of Howmet Aerospace in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $318.00 price objective on shares of Howmet Aerospace in a report on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada increased their target price on shares of Howmet Aerospace from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.53.

Howmet Aerospace Price Performance

HWM stock opened at $273.35 on Thursday. The firm has a 50 day moving average of $269.06 and a 200-day moving average of $251.02. The firm has a market capitalization of $109.37 billion, a P/E ratio of 63.42, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. Howmet Aerospace Inc. has a 12 month low of $169.45 and a 12 month high of $295.28. 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 (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. 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 firm posted $0.86 EPS. Howmet Aerospace’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, sell-side analysts predict that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 11.14%.

Insider Buying and Selling at Howmet Aerospace

In related 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 sale, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.85% of the company’s stock.

Howmet Aerospace 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.