Hendley & Co. Inc. Invests $2.08 Million in Howmet Aerospace Inc. $HWM

Hendley & Co. Inc. bought a new position in Howmet Aerospace Inc. (NYSE:HWMFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,009 shares of the company’s stock, valued at approximately $2,076,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of 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 purchasing an additional 130 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Howmet Aerospace in the 1st quarter worth approximately $399,000. Sivia Capital Partners LLC bought a new stake in Howmet Aerospace in the 2nd quarter worth approximately $216,000. Brown Advisory Inc. lifted its position 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 buying an additional 990 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Howmet Aerospace in the second quarter worth approximately $145,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $280.13 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. The firm has a market cap of $112.08 billion, a P/E ratio of 65.00, a P/E/G ratio of 2.20 and a beta of 1.19. Howmet Aerospace Inc. has a 1-year low of $169.45 and a 1-year high of $290.63. The firm has a 50-day moving average of $258.00 and a 200-day moving average of $237.25.

Howmet Aerospace (NYSE:HWMGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate 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 was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts expect that Howmet Aerospace Inc. will post 5.04 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research report on Sunday, May 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $318.00 price objective on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Citigroup upped their price objective on shares of Howmet Aerospace from $271.00 to $303.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Susquehanna increased their target price on shares of Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $315.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $287.53.

Read Our Latest Stock Report on HWM

Insider Activity

In related 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 in the company, valued at $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.85% of the company’s stock.

Howmet Aerospace Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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