Bessemer Group Inc. Acquires 15,564 Shares of Howmet Aerospace Inc. $HWM

Bessemer Group Inc. increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,165,273 shares of the company’s stock after purchasing an additional 15,564 shares during the period. Howmet Aerospace makes up approximately 0.8% of Bessemer Group Inc.’s portfolio, making the stock its 21st biggest holding. Bessemer Group Inc.’s holdings in Howmet Aerospace were worth $499,007,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. lifted its position in Howmet Aerospace by 2.6% during the fourth quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock valued at $332,000 after purchasing an additional 41 shares during the last quarter. Tudor Financial Inc. increased its holdings in shares of Howmet Aerospace by 2.6% in the 4th quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock worth $338,000 after buying an additional 42 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Howmet Aerospace by 2.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock worth $399,000 after buying an additional 42 shares during the last quarter. Roman Butler Fullerton & Co. raised its position in shares of Howmet Aerospace by 0.4% during the 1st quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after buying an additional 42 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Howmet Aerospace by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,077 shares of the company’s stock valued at $221,000 after buying an additional 42 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BTIG Research upped their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. BNP Paribas Exane reiterated an “outperform” rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Finally, Wells Fargo & Company initiated coverage on Howmet Aerospace in a report on Wednesday, April 1st. They set an “equal weight” rating and a $240.00 price objective on the stock. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $293.21.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by insiders.

Howmet Aerospace Price Performance

HWM stock opened at $270.97 on Friday. The firm has a market cap of $108.42 billion, a P/E ratio of 62.87, a P/E/G ratio of 2.19 and a beta of 1.19. The firm’s fifty day moving average is $266.27 and its 200 day moving average is $246.49. Howmet Aerospace Inc. has a 52 week low of $169.45 and a 52 week high of $290.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44.

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

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 11.14%.

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.