Fifth Third Bancorp grew its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,832 shares of the company's stock after purchasing an additional 5,896 shares during the period. Fifth Third Bancorp's holdings in Howmet Aerospace were worth $4,271,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Howmet Aerospace by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company's stock valued at $9,642,740,000 after purchasing an additional 664,595 shares during the last quarter. State Street Corp increased its stake in shares of Howmet Aerospace by 1.6% in the 3rd quarter. State Street Corp now owns 17,964,662 shares of the company's stock valued at $3,525,206,000 after purchasing an additional 278,587 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Howmet Aerospace by 2.4% in the 3rd quarter. Bank of America Corp DE now owns 10,877,771 shares of the company's stock valued at $2,134,545,000 after purchasing an additional 255,419 shares during the last quarter. Invesco Ltd. increased its stake in shares of Howmet Aerospace by 12.2% in the 3rd quarter. Invesco Ltd. now owns 7,367,438 shares of the company's stock valued at $1,445,712,000 after purchasing an additional 801,093 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Howmet Aerospace by 4.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,595,587 shares of the company's stock valued at $705,565,000 after purchasing an additional 147,523 shares during the last quarter. Institutional investors own 90.46% of the company's stock.
Insider Transactions at Howmet Aerospace
In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,000 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $260.00, for a total value of $260,000.00. Following the sale, the vice president owned 23,874 shares in the company, valued at approximately $6,207,240. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 45,150 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the sale, the executive vice president owned 107,008 shares in the company, valued at $26,933,913.60. This trade represents a 29.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.85% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $227.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. BTIG Research restated a "buy" rating and set a $275.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, March 17th. The Goldman Sachs Group set a $228.00 price objective on Howmet Aerospace in a research report on Tuesday, February 17th. Weiss Ratings restated a "buy (b)" rating on shares of Howmet Aerospace in a research report on Tuesday, April 21st. Finally, Susquehanna boosted their price objective on Howmet Aerospace from $255.00 to $290.00 and gave the stock a "positive" rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and an average target price of $266.89.
View Our Latest Research Report on Howmet Aerospace
Howmet Aerospace Trading Down 1.4%
Shares of HWM stock opened at $239.74 on Friday. The firm has a market capitalization of $96.07 billion, a P/E ratio of 64.62, a P/E/G ratio of 2.21 and a beta of 1.19. Howmet Aerospace Inc. has a twelve month low of $150.21 and a twelve month high of $267.31. The company has a quick ratio of 1.09, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. The stock's fifty day simple moving average is $245.96 and its 200 day simple moving average is $221.95.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.08. Howmet Aerospace had a return on equity of 30.41% and a net margin of 18.27%.The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The business's revenue was up 14.6% on a year-over-year basis. Howmet Aerospace has set its Q1 2026 guidance at 1.090-1.110 EPS and its FY 2026 guidance at 4.350-4.550 EPS. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 4.57 EPS for the current fiscal year.
Howmet Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 8th. Howmet Aerospace's payout ratio is 12.94%.
Howmet Aerospace Company Profile
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Free Report)
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.
See Also
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