Howmet Aerospace Inc. $HWM Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,877,771 shares of the company’s stock after buying an additional 255,419 shares during the quarter. Bank of America Corp DE owned 2.71% of Howmet Aerospace worth $2,134,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HWM. Voya Investment Management LLC raised its position in shares of Howmet Aerospace by 9.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock worth $244,742,000 after purchasing an additional 104,207 shares during the last quarter. Nordea Investment Management AB grew its holdings in Howmet Aerospace by 59.2% during the 3rd quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock valued at $273,288,000 after buying an additional 521,180 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in Howmet Aerospace during the 3rd quarter valued at $1,581,000. LBP AM SA grew its holdings in Howmet Aerospace by 18.0% during the 3rd quarter. LBP AM SA now owns 68,499 shares of the company’s stock valued at $13,442,000 after buying an additional 10,460 shares during the last quarter. Finally, Greenup Street Wealth Management LLC increased its position in Howmet Aerospace by 76.3% during the third quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock worth $4,115,000 after buying an additional 9,078 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,150 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00. Following the sale, the executive vice president directly owned 107,008 shares of the company’s stock, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Barbara Lou Shultz sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the completion of the sale, the vice president owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. The trade was a 4.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HWM. Truist Financial set a $280.00 price target on Howmet Aerospace in a report on Wednesday. BNP Paribas Exane started coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $227.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. BTIG Research boosted their target price on shares of Howmet Aerospace from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $256.15.

Howmet Aerospace Price Performance

HWM stock opened at $236.76 on Monday. The stock has a market capitalization of $94.93 billion, a price-to-earnings ratio of 63.82, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $267.31. The stock’s fifty day simple moving average is $233.28 and its 200-day simple moving average is $208.95.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08. Howmet Aerospace had a return on equity of 30.41% and a net margin of 18.27%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. Howmet Aerospace has set its Q1 2026 guidance at 1.090-1.110 EPS and its FY 2026 guidance at 4.350-4.550 EPS. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, February 6th. Howmet Aerospace’s dividend payout ratio is presently 12.94%.

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.