Gamco Investors INC. ET AL Buys 20,699 Shares of Howmet Aerospace Inc. $HWM

Gamco Investors INC. ET AL increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,742 shares of the company’s stock after acquiring an additional 20,699 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Howmet Aerospace were worth $15,529,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction on 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 owned 65,105 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the completion of the sale, the vice president directly owned 23,874 shares in the company, valued at approximately $6,207,240. This represents a 4.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 88,082 shares of company stock worth $22,924,929. Insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HWM. Sanford C. Bernstein restated an “outperform” rating and set a $280.00 target price on shares of Howmet Aerospace in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Truist Financial set a $280.00 price target on shares of Howmet Aerospace in a research note on Wednesday, March 11th. KeyCorp began coverage on shares of Howmet Aerospace in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Finally, BTIG Research upped their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $285.53.

View Our Latest Stock Analysis on Howmet Aerospace

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $256.49 on Tuesday. The company has a market cap of $102.63 billion, a price-to-earnings ratio of 59.51, a PEG ratio of 2.07 and a beta of 1.19. The firm’s fifty day moving average is $247.05 and its 200 day moving average is $227.03. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. Howmet Aerospace Inc. has a 52-week low of $160.01 and a 52-week high of $280.74.

Howmet Aerospace (NYSE:HWMGet Free Report) last released 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 net margin of 20.23% and a return on equity of 29.27%. Howmet Aerospace’s revenue was up 19.1% on a year-over-year basis. During the same quarter 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. Sell-side analysts forecast that Howmet Aerospace Inc. will post 5.02 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.

See Also

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

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