Lord Abbett & CO. LLC Has $129.79 Million Holdings in Howmet Aerospace Inc. $HWM

Lord Abbett & CO. LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 38.0% in the 4th quarter, Holdings Channel reports. The firm owned 633,068 shares of the company’s stock after buying an additional 174,355 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Howmet Aerospace were worth $129,792,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HWM. Brighton Jones LLC raised its holdings in Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC bought a new position in Howmet Aerospace in the 1st quarter worth $399,000. Sivia Capital Partners LLC bought a new position in Howmet Aerospace in the 2nd quarter worth $216,000. Brown Advisory Inc. raised its holdings in Howmet Aerospace by 31.0% in the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock worth $778,000 after acquiring an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC bought a new position in Howmet Aerospace in the 2nd quarter worth $145,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $264.46 on Friday. The stock has a market cap of $105.81 billion, a P/E ratio of 61.36, a PEG ratio of 2.10 and a beta of 1.19. The company’s 50-day simple moving average is $253.46 and its 200 day simple moving average is $233.79. Howmet Aerospace Inc. has a twelve month low of $169.06 and a twelve month high of $280.74. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous 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, research analysts forecast that Howmet Aerospace Inc. will post 5.04 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 11.14%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HWM. Bank of America lifted their target price on shares of Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wells Fargo & Company began coverage on shares of Howmet Aerospace in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 target price on the stock. Citigroup lifted their target price on shares of Howmet Aerospace from $271.00 to $303.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a report on Sunday, May 10th. Finally, Wolfe Research set a $270.00 target price on shares of Howmet Aerospace and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.53.

Insiders Place Their Bets

In other Howmet Aerospace 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 sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.85% of the stock is currently owned by insiders.

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.