Cookson Peirce & Co. Inc. Cuts Stock Position in Howmet Aerospace Inc. $HWM

Key Points

• Cookson Peirce & Co. Inc. trimmed its Howmet Aerospace stake by 2.5% in the fourth quarter, selling 5,028 shares and leaving it with 196,156 shares worth about $40.2 million.
• Howmet Aerospace reported strong quarterly results, earning $1.22 per share on revenue of $2.31 billion, both above Wall Street estimates and up 19.1% year over year.
• Analysts remain broadly positive on the stock, with 18 Buy ratings and four Hold ratings, giving Howmet a consensus Moderate Buy and a target price of $285.53.

Cookson Peirce & Co. Inc. reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,156 shares of the company's stock after selling 5,028 shares during the quarter. Howmet Aerospace accounts for about 1.7% of Cookson Peirce & Co. Inc.'s holdings, making the stock its 17th largest holding. Cookson Peirce & Co. Inc.'s holdings in Howmet Aerospace were worth $40,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after acquiring an additional 73 shares during the period. Sound Income Strategies LLC boosted its holdings in Howmet Aerospace by 66.7% during the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company's stock valued at $28,000 after acquiring an additional 50 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in Howmet Aerospace during the 4th quarter valued at about $36,000. Harbor Investment Advisory LLC boosted its holdings in Howmet Aerospace by 339.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 180 shares of the company's stock valued at $37,000 after acquiring an additional 139 shares during the period. Finally, Ares Financial Consulting LLC purchased a new stake in Howmet Aerospace during the 4th quarter valued at about $37,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HWM shares. Morgan Stanley restated an "overweight" rating and set a $315.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. Sanford C. Bernstein restated an "outperform" rating and set a $280.00 target price on shares of Howmet Aerospace in a report on Tuesday, February 17th. Weiss Ratings restated a "buy (b)" rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. UBS Group increased their target price on Howmet Aerospace from $260.00 to $290.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Finally, KeyCorp started coverage on Howmet Aerospace in a report on Wednesday, March 25th. They set a "sector weight" rating for the company. Eighteen equities 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.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $285.53.

Howmet Aerospace Trading Up 1.1%

NYSE HWM opened at $252.01 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $280.74. 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 50 day simple moving average of $250.83 and a two-hundred day simple moving average of $231.82. The stock has a market cap of $100.83 billion, a P/E ratio of 58.47, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data 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 return on equity of 29.27% and a net margin of 20.23%.The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter last year, the business posted $0.86 EPS. The business'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. On average, analysts forecast that Howmet Aerospace Inc. will post 5.04 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace's dividend payout ratio (DPR) is 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.

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