Jupiter Asset Management Ltd. Decreases Stake in Howmet Aerospace Inc. $HWM

Key Points

• Jupiter Asset Management cut its stake in Howmet Aerospace by 25.2% in the fourth quarter, leaving it with 330,600 shares worth about $67.8 million. Despite the sale, institutional ownership remains very high at 90.46%.
• Howmet Aerospace reported strong quarterly results, posting $1.22 EPS versus the $1.11 consensus and revenue of $2.31 billion, up 19.1% year over year. The company also raised guidance, signaling continued momentum.
• Analyst sentiment remains positive overall, with 18 Buy ratings and 4 Hold ratings and an average target price of $285.53. Recent analyst targets ranged from $270 to $340, reinforcing a broadly bullish outlook.

Jupiter Asset Management Ltd. trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 330,600 shares of the company's stock after selling 111,375 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.08% of Howmet Aerospace worth $67,780,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC boosted its position in Howmet Aerospace by 12.5% during the fourth quarter. Salomon & Ludwin LLC now owns 423 shares of the company's stock worth $90,000 after purchasing an additional 47 shares in the last quarter. Catalyst Financial Partners LLC boosted its position in Howmet Aerospace by 0.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 5,561 shares of the company's stock worth $1,140,000 after purchasing an additional 48 shares in the last quarter. Burns J W & Co. Inc. NY boosted its position in Howmet Aerospace by 2.6% during the fourth quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company's stock worth $400,000 after purchasing an additional 49 shares in the last quarter. HBW Advisory Services LLC boosted its position in Howmet Aerospace by 2.5% during the fourth quarter. HBW Advisory Services LLC now owns 1,990 shares of the company's stock worth $408,000 after purchasing an additional 49 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its position in Howmet Aerospace by 2.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,738 shares of the company's stock worth $356,000 after purchasing an additional 49 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on HWM shares. Wolfe Research set a $270.00 target price on Howmet Aerospace and gave the stock an "outperform" rating in a research report on Wednesday, March 11th. Morgan Stanley reiterated an "overweight" rating and set a $315.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. BNP Paribas Exane reissued an "outperform" rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. UBS Group boosted their price target on Howmet Aerospace from $260.00 to $290.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Sunday, May 10th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $285.53.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the company's stock in a transaction 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 transaction, the executive vice president directly owned 65,105 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.85% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $259.91 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $280.74. The stock has a market cap of $103.99 billion, a price-to-earnings ratio of 60.30, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. The business has a fifty day moving average of $248.97 and a 200-day moving average of $230.02. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released 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. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business'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. As a group, 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. Investors of record on Friday, May 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 8th. Howmet Aerospace's dividend 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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