Panagora Asset Management Inc. Sells 51,634 Shares of Howmet Aerospace Inc. $HWM

Panagora Asset Management Inc. lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.7% in the 4th quarter, HoldingsChannel reports. The firm owned 482,670 shares of the company’s stock after selling 51,634 shares during the quarter. Panagora Asset Management Inc.’s holdings in Howmet Aerospace were worth $98,957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Howmet Aerospace by 1.4% during the third quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock worth $9,642,740,000 after purchasing an additional 664,595 shares during the last quarter. State Street Corp lifted its stake in shares of Howmet Aerospace by 2.2% in the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock valued at $3,765,280,000 after acquiring an additional 400,767 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Howmet Aerospace by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock valued at $2,316,277,000 after acquiring an additional 221,775 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Howmet Aerospace by 2.4% in the 3rd quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after acquiring an additional 255,419 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $1,793,698,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HWM shares. Wells Fargo & Company started coverage on Howmet Aerospace in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 target price for the company. Royal Bank Of Canada boosted their target price on Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Citigroup boosted their target price on Howmet Aerospace from $271.00 to $303.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Truist Financial set a $280.00 target price on Howmet Aerospace in a research note on Wednesday, March 11th. Finally, Susquehanna boosted their target price on Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.53.

Howmet Aerospace Trading Down 0.1%

HWM opened at $264.46 on Monday. The business has a 50 day simple moving average of $253.46 and a two-hundred day simple moving average of $234.03. The firm has a market capitalization of $105.81 billion, a price-to-earnings ratio of 61.36, a PEG ratio of 2.10 and a beta of 1.19. 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 Inc. has a one year low of $169.06 and a one year high of $280.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.Howmet Aerospace’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS. 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. Analysts predict that Howmet Aerospace Inc. will post 5.04 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This represents a 39.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.85% of the stock is owned by insiders.

Howmet Aerospace Company 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.