Pictet Asset Management Holding SA Has $52.98 Million Holdings in Howmet Aerospace Inc. $HWM

Pictet Asset Management Holding SA increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 28.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,064 shares of the company’s stock after purchasing an additional 51,169 shares during the period. Pictet Asset Management Holding SA’s holdings in Howmet Aerospace were worth $52,984,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Howmet Aerospace during the fourth quarter worth $1,793,698,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Howmet Aerospace by 27.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after acquiring an additional 3,531,700 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of Howmet Aerospace by 20,402.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company’s stock worth $29,562,000 after acquiring an additional 1,434,873 shares during the period. Invesco Ltd. boosted its position in shares of Howmet Aerospace by 12.2% during the 3rd quarter. Invesco Ltd. now owns 7,367,438 shares of the company’s stock valued at $1,445,712,000 after acquiring an additional 801,093 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Howmet Aerospace by 27.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,754,204 shares of the company’s stock valued at $564,667,000 after acquiring an additional 599,151 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 0.1%

Shares of Howmet Aerospace stock opened at $268.61 on Tuesday. The stock has a market capitalization of $107.47 billion, a P/E ratio of 62.32, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $259.85 and a 200 day simple moving average of $240.02. Howmet Aerospace Inc. has a 12-month low of $169.45 and a 12-month high of $290.63.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm 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 quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the firm posted $0.86 EPS. 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. Research analysts expect that Howmet Aerospace Inc. will post 5.04 earnings per share 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 paid 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 payout ratio is 11.14%.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the business’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 transaction, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial set a $280.00 price target on shares of Howmet Aerospace in a research report on Wednesday, March 11th. UBS Group lifted their price objective on Howmet Aerospace from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their price objective on Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Jefferies Financial Group reissued a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a report on Sunday, May 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $318.00 target price on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.53.

About Howmet Aerospace

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.