Fred Alger Management LLC Raises Stock Position in Howmet Aerospace Inc. $HWM

Fred Alger Management LLC lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 62.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,137 shares of the company’s stock after acquiring an additional 23,873 shares during the quarter. Fred Alger Management LLC’s holdings in Howmet Aerospace were worth $12,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its stake in shares of Howmet Aerospace by 29.3% during the third quarter. Focus Partners Wealth now owns 24,495 shares of the company’s stock worth $4,807,000 after purchasing an additional 5,557 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in shares of Howmet Aerospace by 31.2% in the third quarter. Elevation Point Wealth Partners LLC now owns 3,256 shares of the company’s stock valued at $639,000 after buying an additional 774 shares in the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of Howmet Aerospace by 21.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 1,937 shares of the company’s stock valued at $380,000 after buying an additional 337 shares during the period. California Public Employees Retirement System raised its holdings in shares of Howmet Aerospace by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 756,698 shares of the company’s stock valued at $148,487,000 after buying an additional 24,738 shares during the period. Finally, Chilton Investment Co. Inc. lifted its position in Howmet Aerospace by 181.0% during the 3rd quarter. Chilton Investment Co. Inc. now owns 6,904 shares of the company’s stock worth $1,355,000 after acquiring an additional 4,447 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $240.94 on Tuesday. The business’s 50 day moving average is $233.84 and its two-hundred day moving average is $209.41. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $267.31. The firm has a market cap of $96.60 billion, a price-to-earnings ratio of 64.94, a PEG 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 (NYSE:HWM) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.12 billion. Howmet Aerospace had a net margin of 18.27% and a return on equity of 30.41%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. 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. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the completion of the sale, the executive vice president owned 107,008 shares in the company, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on HWM. The Goldman Sachs Group set a $228.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, February 17th. BTIG Research boosted their target price on shares of Howmet Aerospace from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Truist Financial set a $280.00 price target on shares of Howmet Aerospace in a report on Wednesday, March 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $280.00 price target on shares of Howmet Aerospace in a research note on Friday, February 13th. Finally, Citigroup boosted their price objective on shares of Howmet Aerospace from $255.00 to $283.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $256.15.

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.