Assenagon Asset Management S.A. Sells 267,360 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Assenagon Asset Management cut its Howmet Aerospace stake by 44.9%, selling 267,360 shares in the second quarter and retaining 327,491 shares worth approximately $88 million. Institutional investors and hedge funds collectively own 90.46% of the stock.
• Howmet reported strong second-quarter results, with revenue rising 24.1% year over year to $2.55 billion and adjusted EPS of $1.33, beating consensus estimates. The company raised its 2026 guidance and cited robust aerospace, aftermarket and gas-turbine demand.
• Despite positive analyst sentiment and a dividend increase to $0.14 per share, HWM trades at a relatively high P/E ratio of 60.87 after a sharp rally. Insider selling, valuation concerns and higher capacity-expansion spending could weigh on the shares.

Assenagon Asset Management S.A. reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 44.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 327,491 shares of the company's stock after selling 267,360 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Howmet Aerospace worth $88,049,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Brighton Jones LLC increased its position in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Howmet Aerospace during the 1st quarter valued at about $399,000. Sivia Capital Partners LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $216,000. Brown Advisory Inc. lifted its holdings in shares of Howmet Aerospace by 31.0% in the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company's stock valued at $778,000 after buying an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $145,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Howmet Aerospace

Here are the key news stories impacting Howmet Aerospace this week:

• Positive Sentiment: Strong Q2 performance: Howmet reported revenue of $2.55 billion, up 24% year over year, and adjusted EPS of $1.33, exceeding the $1.24 analyst consensus. Operating margins, cash flow and adjusted EBITDA also improved significantly. Howmet Aerospace Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 outlook: The company now expects full-year EPS of $5.23-$5.31 and revenue of approximately $10.0-$10.1 billion, above consensus estimates. Third-quarter EPS guidance of $1.34-$1.36 also exceeds expectations. HWM Q2 Earnings Beat Estimates on Aerospace, Turbine Growth
• Positive Sentiment: Favorable demand trends: Rising commercial aircraft production, aftermarket spares demand and gas-turbine activity are supporting capacity expansion and growth into 2027. Howmet also generated $479 million in free cash flow and repurchased $300 million of stock during the quarter. HWM Q2 Earnings Call Centers on Capacity and Higher Outlook
• Positive Sentiment: Analyst support: Susquehanna raised its price target from $330 to $340 and assigned a positive rating, implying meaningful potential upside from the recent trading level. Benzinga analyst price-target report
• Neutral Sentiment: Howmet completed its $1.8 billion CAM acquisition and increased its quarterly dividend by 17% to $0.14 per share. The acquisition expands the company’s capabilities but also increases integration and execution requirements.
• Negative Sentiment: The stock’s pullback may reflect valuation and profit-taking concerns: HWM has risen sharply over the past year, trades at a high earnings multiple, and investors may have expected strong results following the recent rally. Higher capital spending to expand capacity could also limit near-term free cash flow.

Insider Activity

In other 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 directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.85% of the company's stock.

Howmet Aerospace Price Performance

Shares of HWM opened at $282.42 on Friday. Howmet Aerospace Inc. has a 1-year low of $169.45 and a 1-year high of $310.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 1.59. The firm has a 50-day simple moving average of $272.81 and a two-hundred day simple moving average of $253.96. The stock has a market cap of $113.00 billion, a PE ratio of 60.87, a P/E/G ratio of 2.18 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company's revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. As a group, analysts forecast that Howmet Aerospace Inc. will post 5.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.2%. 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. Howmet Aerospace's payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HWM. Susquehanna lifted their price target on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research report on Friday. BTIG Research raised their price objective on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. UBS Group boosted their target price on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a research note on Friday. Morgan Stanley reissued an "overweight" rating and set a $315.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $318.00 price target on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $304.28.

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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source