PVG Asset Management Corp Purchases 12,177 Shares of Howmet Aerospace Inc. $HWM

PVG Asset Management Corp raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 522.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 14,507 shares of the company’s stock after purchasing an additional 12,177 shares during the period. Howmet Aerospace comprises approximately 2.4% of PVG Asset Management Corp’s holdings, making the stock its 6th largest position. PVG Asset Management Corp’s holdings in Howmet Aerospace were worth $3,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HWM. Newbridge Financial Services Group Inc. grew its position 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 worth $25,000 after acquiring an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new stake in Howmet Aerospace in the 4th quarter valued at $25,000. Sound Income Strategies LLC boosted its stake in Howmet Aerospace by 66.7% during the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares during the period. Cornerstone Financial Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $282.98 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The firm has a market cap of $113.22 billion, a price-to-earnings ratio of 65.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The firm’s fifty day moving average price is $269.94 and its 200 day moving average price is $251.88. Howmet Aerospace Inc. has a 1-year low of $169.45 and a 1-year high of $295.28.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. Howmet Aerospace’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. 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. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 5.05 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a $0.14 dividend. The ex-dividend date is Friday, August 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is 12.99%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction that occurred 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 of the company’s stock, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on shares of Howmet Aerospace from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. 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. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 price target on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group upped their price objective on Howmet Aerospace from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $294.53.

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.