Howmet Aerospace Inc. $HWM Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 23.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 456,369 shares of the company’s stock after selling 137,622 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.11% of Howmet Aerospace worth $109,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HWM. Independent Financial Group LLC acquired a new position in shares of Howmet Aerospace in the first quarter worth $664,000. Prosperity Consulting Group LLC increased its holdings in Howmet Aerospace by 3.3% in the first quarter. Prosperity Consulting Group LLC now owns 3,751 shares of the company’s stock valued at $864,000 after buying an additional 119 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Howmet Aerospace in the first quarter valued at approximately $38,072,000. Wealthfront Advisers LLC boosted its stake in Howmet Aerospace by 2.9% in the first quarter. Wealthfront Advisers LLC now owns 92,532 shares of the company’s stock valued at $21,325,000 after acquiring an additional 2,615 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Howmet Aerospace by 3.4% during the first quarter. D.A. Davidson & CO. now owns 15,477 shares of the company’s stock worth $3,567,000 after purchasing an additional 508 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 0.4%

HWM opened at $272.26 on Friday. 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 business has a 50 day simple moving average of $266.31 and a 200-day simple moving average of $246.67. The stock has a market capitalization of $108.93 billion, a P/E ratio of 63.17, a P/E/G ratio of 2.13 and a beta of 1.19. Howmet Aerospace Inc. has a 12 month low of $169.45 and a 12 month high of $290.63.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business 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. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors 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 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 11.14%.

Analyst Ratings Changes

Several research firms have recently weighed in on HWM. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. Wells Fargo & Company began coverage on Howmet Aerospace in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price target on the stock. Wall Street Zen lowered Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Susquehanna increased their price objective on Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.21.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $17,545,797.50. This trade represents a 39.18% decrease in their position. The transaction 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 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.