CIBC Asset Management Inc Has $19.45 Million Stock Holdings in Howmet Aerospace Inc. $HWM

CIBC Asset Management Inc increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 68.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,885 shares of the company’s stock after acquiring an additional 38,701 shares during the quarter. CIBC Asset Management Inc’s holdings in Howmet Aerospace were worth $19,453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its holdings in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the period. Sound Income Strategies LLC boosted its position in shares of Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $36,000. Harbor Investment Advisory LLC increased its position in shares of Howmet Aerospace by 339.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 180 shares of the company’s stock valued at $37,000 after buying an additional 139 shares in the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HWM. Citigroup lifted their target price on Howmet Aerospace from $271.00 to $303.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Royal Bank Of Canada increased their price target on Howmet Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. KeyCorp started coverage on Howmet Aerospace in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. BTIG Research boosted their price objective on Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Tuesday, April 21st. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.53.

Howmet Aerospace Stock Performance

HWM opened at $249.37 on Friday. The company has a market capitalization of $99.78 billion, a price-to-earnings ratio of 57.86, a P/E/G ratio of 1.97 and a beta of 1.19. The business’s 50-day moving average price is $250.61 and its two-hundred day moving average price is $231.67. Howmet Aerospace Inc. has a 1 year low of $165.51 and a 1 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.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.Howmet Aerospace’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Equities analysts expect that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given 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 dividend payout ratio (DPR) is 11.14%.

Insider Buying and Selling at Howmet Aerospace

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