South Street Advisors LLC Has $25 Million Stock Holdings in Howmet Aerospace Inc. $HWM

Key Points

• South Street Advisors LLC trimmed its Howmet Aerospace stake by 8.7% in the fourth quarter, but still held 121,925 shares worth about $25.0 million, making HWM its 11th-largest position.
• Howmet reported strong quarterly results, posting EPS of $1.22 versus $1.11 expected and revenue of $2.31 billion versus $2.24 billion expected, with revenue up 19.1% year over year.
• Wall Street remains upbeat on the stock: analysts have a Moderate Buy consensus with a target price of $285.53, while several firms recently raised their price targets into the $320–$340 range.

South Street Advisors LLC decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,925 shares of the company's stock after selling 11,548 shares during the period. Howmet Aerospace makes up about 3.5% of South Street Advisors LLC's portfolio, making the stock its 11th largest position. South Street Advisors LLC's holdings in Howmet Aerospace were worth $24,997,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HWM. Brighton Jones LLC raised its holdings in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after buying an additional 130 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Howmet Aerospace during the first quarter worth $399,000. Sivia Capital Partners LLC acquired a new position in Howmet Aerospace during the second quarter worth $216,000. Brown Advisory Inc. raised its holdings in Howmet Aerospace by 31.0% during the second quarter. Brown Advisory Inc. now owns 4,180 shares of the company's stock worth $778,000 after buying an additional 990 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Howmet Aerospace during the second quarter worth $145,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Activity at Howmet Aerospace

In other 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 sale, the executive vice president owned 65,105 shares in the company, valued at $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $259.91 on Friday. The firm has a 50-day moving average of $248.97 and a 200-day moving average of $230.02. The company has a market cap of $103.99 billion, a P/E ratio of 60.30, a P/E/G ratio of 2.04 and a beta of 1.19. 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 one year low of $165.51 and a one year high of $280.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. 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. Equities research analysts forecast that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders 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 dividend yield of 0.2%. Howmet Aerospace's dividend payout ratio is currently 11.14%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research reports. Jefferies Financial Group restated a "buy" rating and set a $320.00 price objective on shares of Howmet Aerospace in a report on Sunday, May 10th. BNP Paribas Exane restated an "outperform" rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Susquehanna upped their price objective on shares of Howmet Aerospace from $300.00 to $330.00 and gave the stock a "positive" rating in a report on Friday, May 8th. Truist Financial set a $280.00 price objective on shares of Howmet Aerospace in a report on Wednesday, March 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $285.53.

Howmet Aerospace 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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