Wolverine Asset Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 160.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,500 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Wolverine Asset Management LLC’s holdings in Howmet Aerospace were worth $1,333,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Invesco Ltd. lifted its holdings in Howmet Aerospace by 12.2% in the 3rd quarter. Invesco Ltd. now owns 7,367,438 shares of the company’s stock worth $1,445,712,000 after purchasing an additional 801,093 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock worth $9,642,740,000 after purchasing an additional 664,595 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Howmet Aerospace by 140.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,073,305 shares of the company’s stock worth $210,615,000 after purchasing an additional 627,397 shares during the last quarter. Nordea Investment Management AB lifted its position 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 worth $273,288,000 after acquiring an additional 521,180 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Howmet Aerospace by 116.7% during the 3rd quarter. Franklin Resources Inc. now owns 917,241 shares of the company’s stock worth $179,990,000 after acquiring an additional 493,872 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, VP Barbara Lou Shultz sold 1,000 shares of the 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 transaction, the vice president owned 23,874 shares of the company’s stock, valued at $6,207,240. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 45,150 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the completion of the transaction, the executive vice president directly owned 107,008 shares of the company’s stock, valued at $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. Corporate insiders own 0.85% of the company’s stock.
Howmet Aerospace Stock Performance
Howmet Aerospace (NYSE:HWM – Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.12 billion. Howmet Aerospace had a return on equity of 30.41% and a net margin of 18.27%.Howmet Aerospace’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. Sell-side analysts expect that Howmet Aerospace Inc. will post 4.57 EPS for the current year.
Howmet Aerospace Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 8th. Howmet Aerospace’s dividend payout ratio is presently 12.94%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on HWM. KeyCorp began coverage on shares of Howmet Aerospace in a research report on Wednesday, March 25th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft set a $278.00 target price on shares of Howmet Aerospace and gave the stock a “buy” rating in a research report on Friday, February 13th. The Goldman Sachs Group set a $228.00 target price on shares of Howmet Aerospace in a research report on Tuesday, February 17th. Wells Fargo & Company began coverage on shares of Howmet Aerospace in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 target price for the company. Finally, Wolfe Research set a $270.00 target price on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $266.89.
Get Our Latest Analysis on HWM
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.
See Also
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