Elevation Point Wealth Partners LLC Raises Position in Howmet Aerospace Inc. $HWM

Elevation Point Wealth Partners LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 666.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,486 shares of the company’s stock after buying an additional 20,422 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Howmet Aerospace were worth $5,413,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in Howmet Aerospace in the fourth quarter worth approximately $25,000. Sound Income Strategies LLC increased its holdings in Howmet Aerospace by 66.7% during the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares during the period. Cornerstone Financial Management LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at $28,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent research reports. Citigroup increased their target price on shares of Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Wolfe Research set a $270.00 price objective on shares of Howmet Aerospace and gave the company an “outperform” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Tuesday, April 21st. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $287.95.

Howmet Aerospace Trading Up 0.1%

NYSE:HWM opened at $270.59 on Friday. Howmet Aerospace Inc. has a 52 week low of $169.45 and a 52 week high of $290.63. The firm has a 50 day moving average of $261.39 and a 200 day moving average of $241.77. 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 stock has a market capitalization of $108.26 billion, a price-to-earnings ratio of 62.78, a PEG ratio of 2.14 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. 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. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th were paid a dividend of $0.12 per share. 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 presently 11.14%.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the transaction, the executive vice president owned 65,105 shares in the company, valued at $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by company insiders.

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.