Glenmede Trust Co. NA Has $12.21 Million Position in Howmet Aerospace Inc. $HWM

Glenmede Trust Co. NA lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 23.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,983 shares of the company's stock after purchasing an additional 10,131 shares during the period. Glenmede Trust Co. NA's holdings in Howmet Aerospace were worth $12,210,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Norges Bank bought a new position in Howmet Aerospace in the 4th quarter worth approximately $1,793,698,000. Price T Rowe Associates Inc. MD boosted its position in shares of Howmet Aerospace by 27.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company's stock valued at $3,409,936,000 after acquiring an additional 3,531,700 shares during the period. Auto Owners Insurance Co grew its stake in shares of Howmet Aerospace by 20,402.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company's stock worth $29,562,000 after acquiring an additional 1,434,873 shares during the last quarter. Amundi grew its stake in shares of Howmet Aerospace by 73.1% in the first quarter. Amundi now owns 2,185,456 shares of the company's stock worth $503,660,000 after acquiring an additional 923,061 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Howmet Aerospace by 27.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,754,204 shares of the company's stock worth $564,667,000 after acquiring an additional 599,151 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares of the company's stock, valued at $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Wall Street Zen downgraded shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Howmet Aerospace in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their target price on Howmet Aerospace from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $294.53.

Howmet Aerospace Stock Up 0.3%

HWM opened at $282.98 on Monday. Howmet Aerospace Inc. has a fifty-two week low of $169.45 and a fifty-two week high of $295.28. 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's fifty day moving average price is $269.94 and its two-hundred day moving average price is $251.88. The company has a market capitalization of $113.22 billion, a P/E ratio of 65.66, a P/E/G ratio of 2.22 and a beta of 1.19.

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 (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The business's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, analysts anticipate that Howmet Aerospace Inc. will post 5.05 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 $0.14 dividend. 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. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace's payout ratio is presently 12.99%.

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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