Legato Capital Management LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $410,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Salomon & Ludwin LLC lifted its position in shares of Howmet Aerospace by 12.5% during the 4th quarter. Salomon & Ludwin LLC now owns 423 shares of the company’s stock valued at $90,000 after buying an additional 47 shares in the last quarter. Catalyst Financial Partners LLC lifted its position in shares of Howmet Aerospace by 0.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 5,561 shares of the company’s stock valued at $1,140,000 after buying an additional 48 shares in the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of Howmet Aerospace by 2.6% during the 4th quarter. Burns J W & Co. Inc. NY now owns 1,949 shares of the company’s stock valued at $400,000 after buying an additional 49 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of Howmet Aerospace by 2.5% during the 4th quarter. HBW Advisory Services LLC now owns 1,990 shares of the company’s stock valued at $408,000 after buying an additional 49 shares in the last quarter. Finally, Earned Wealth Advisors LLC lifted its position in shares of Howmet Aerospace by 1.0% during the 4th quarter. Earned Wealth Advisors LLC now owns 5,023 shares of the company’s stock valued at $1,030,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Wall Street Analyst Weigh In
HWM has been the topic of several recent research reports. Wolfe Research set a $270.00 target price on shares of Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada increased their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Tuesday, April 21st. Truist Financial set a $280.00 target price on shares of Howmet Aerospace in a research report on Wednesday, March 11th. Finally, Bank of America increased their target price on shares of Howmet Aerospace from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Eighteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $285.53.
Insider Transactions at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $269.50, for a total value of $11,300,674.00. Following the sale, the executive vice president directly owned 65,105 shares in the company, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company’s stock.
Howmet Aerospace Stock Down 1.5%
NYSE HWM opened at $258.03 on Thursday. Howmet Aerospace Inc. has a 52 week low of $165.51 and a 52 week 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. The business’s fifty day simple moving average is $248.56 and its 200-day simple moving average is $229.65. The firm has a market cap of $103.24 billion, a PE ratio of 59.87, a P/E/G ratio of 2.07 and a beta of 1.19.
Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.11 by $0.11. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. 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, equities analysts anticipate that Howmet Aerospace Inc. will post 5.04 earnings per share for the current year.
Howmet Aerospace Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 8th. Howmet Aerospace’s payout ratio is 11.14%.
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.
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