Howmet Aerospace Inc. $HWM Shares Purchased by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its stake in Howmet Aerospace by 2.0% in the fourth quarter, holding 11.3 million shares worth about $2.32 billion. Institutional ownership remains very high, at 90.46% of the company’s stock.
• Howmet Aerospace reported strong quarterly results, with EPS of $1.22 beating estimates and revenue of $2.31 billion topping expectations. Revenue rose 19.1% year over year, and the company also raised guidance for FY 2026.
• Analyst sentiment is broadly positive, with 18 Buy ratings and 4 Hold ratings, giving the stock a Moderate Buy consensus and an average target price of $285.53. Several firms recently lifted their price targets, including Jefferies at $320.

Geode Capital Management LLC boosted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,307,538 shares of the company's stock after acquiring an additional 221,775 shares during the quarter. Geode Capital Management LLC owned 2.81% of Howmet Aerospace worth $2,316,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Invesco Ltd. boosted its holdings in Howmet Aerospace by 12.2% in the third quarter. Invesco Ltd. now owns 7,367,438 shares of the company's stock valued at $1,445,712,000 after acquiring an additional 801,093 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Howmet Aerospace by 1.4% in the third quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company's stock valued at $9,642,740,000 after acquiring an additional 664,595 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Howmet Aerospace by 116.7% in the third quarter. Franklin Resources Inc. now owns 917,241 shares of the company's stock valued at $179,990,000 after acquiring an additional 493,872 shares during the last quarter. Danske Bank A S acquired a new position in Howmet Aerospace in the third quarter valued at $89,254,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Howmet Aerospace in the fourth quarter valued at $86,306,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the sale, the executive vice president directly owned 65,105 shares of the company's stock, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.85% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on HWM. KeyCorp began coverage on Howmet Aerospace in a research report on Wednesday, March 25th. They issued a "sector weight" rating on the stock. UBS Group raised their price objective on Howmet Aerospace from $260.00 to $290.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Bank of America raised their price objective on Howmet Aerospace from $250.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Royal Bank Of Canada raised their price objective on Howmet Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $320.00 price objective on shares of Howmet Aerospace in a research report on Sunday, May 10th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $285.53.

Howmet Aerospace Trading Up 0.7%

NYSE:HWM opened at $259.91 on Friday. The business's 50-day moving average is $248.97 and its two-hundred day moving average is $230.02. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. Howmet Aerospace Inc. has a 12 month low of $165.51 and a 12 month high of $280.74. The firm has a market capitalization of $103.99 billion, a PE ratio of 60.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. 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. Research analysts predict that Howmet Aerospace Inc. will post 5.04 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced 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 payout ratio is presently 11.14%.

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.

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