BI Asset Management Fondsmaeglerselskab A S Sells 56,365 Shares of Howmet Aerospace Inc. $HWM

Key Points

• BI Asset Management Fondsmaeglerselskab A S cut its Howmet Aerospace stake by 59.5% in the fourth quarter, selling 56,365 shares and leaving it with 38,291 shares valued at about $7.85 million.
• Howmet Aerospace has continued to attract bullish analyst coverage, with 18 Buy ratings and four Hold ratings; the consensus target price is $285.53, and several firms recently raised their price objectives.
• The company posted strong quarterly results, beating earnings and revenue estimates, while also announcing a quarterly dividend of $0.12 per share and maintaining a modest 0.2% yield.

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 59.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,291 shares of the company's stock after selling 56,365 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Howmet Aerospace were worth $7,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. increased its holdings 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 buying an additional 73 shares in the last quarter. Sound Income Strategies LLC increased 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 worth $28,000 after buying an additional 50 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $36,000. Harbor Investment Advisory LLC increased 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 worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $37,000. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HWM has been the subject of several recent analyst reports. BNP Paribas Exane reaffirmed an "outperform" rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Jefferies Financial Group reaffirmed a "buy" rating and set a $320.00 price objective on shares of Howmet Aerospace in a report on Sunday, May 10th. Bank of America raised their price objective on shares of Howmet Aerospace from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, February 20th. 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 report on Friday, May 8th. Finally, Wells Fargo & Company initiated coverage on shares of Howmet Aerospace in a report on Wednesday, April 1st. They set an "equal weight" rating and a $240.00 price objective for the company. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus target price of $285.53.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace 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 transaction, the executive vice president directly owned 65,105 shares of the company's stock, valued at $17,545,797.50. This trade represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $252.01 on Friday. 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 $100.83 billion, a P/E ratio of 58.47, a P/E/G ratio of 1.99 and a beta of 1.19. The firm has a 50 day simple moving average of $250.83 and a 200 day simple moving average of $231.82. Howmet Aerospace Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $280.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly 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. The company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $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. Sell-side 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 declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 8th. Howmet Aerospace's dividend payout ratio (DPR) is currently 11.14%.

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.

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