Howmet Aerospace Inc. $HWM Position Lessened by Convergence Investment Partners LLC

Convergence Investment Partners LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 31.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,023 shares of the company’s stock after selling 2,266 shares during the quarter. Convergence Investment Partners LLC’s holdings in Howmet Aerospace were worth $1,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC lifted its holdings in shares of Howmet Aerospace by 12.5% in the fourth quarter. Salomon & Ludwin LLC now owns 423 shares of the company’s stock valued at $90,000 after purchasing an additional 47 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of Howmet Aerospace by 0.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 5,561 shares of the company’s stock valued at $1,140,000 after purchasing an additional 48 shares in the last quarter. Burns J W & Co. Inc. NY lifted its holdings in shares of Howmet Aerospace by 2.6% in the fourth quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock valued at $400,000 after purchasing an additional 49 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in shares of Howmet Aerospace by 2.5% in the fourth quarter. HBW Advisory Services LLC now owns 1,990 shares of the company’s stock valued at $408,000 after purchasing an additional 49 shares in the last quarter. Finally, Earned Wealth Advisors LLC lifted its holdings in shares of Howmet Aerospace by 1.0% in the fourth quarter. Earned Wealth Advisors LLC now owns 5,023 shares of the company’s stock valued at $1,030,000 after purchasing an additional 50 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,150 shares of the stock in a transaction dated Wednesday, February 18th. The shares were 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 in the company, valued at $26,933,913.60. This represents a 29.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $260.00, for a total transaction of $260,000.00. Following the transaction, the vice president owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. This represents a 4.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 88,082 shares of company stock valued at $22,924,929. Company insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HWM. Citigroup cut their price target on Howmet Aerospace from $283.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, May 11th. BNP Paribas Exane restated an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a report on Sunday, May 10th. Eighteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.84.

Howmet Aerospace Trading Down 4.4%

Howmet Aerospace stock opened at $260.45 on Friday. The firm has a 50-day moving average of $246.96 and a 200-day moving average of $226.47. Howmet Aerospace Inc. has a one year low of $160.01 and a one year high of $280.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The company has a market cap of $104.21 billion, a price-to-earnings ratio of 60.43, a P/E/G ratio of 2.07 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $0.86 EPS. The company’s quarterly revenue 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. On average, equities analysts expect that Howmet Aerospace Inc. will post 5.02 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.12 per share. 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 currently 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.