Kids Capital Management L.P. lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,000 shares of the company’s stock after selling 23,000 shares during the quarter. Howmet Aerospace makes up about 8.3% of Kids Capital Management L.P.’s investment portfolio, making the stock its 6th largest position. Kids Capital Management L.P.’s holdings in Howmet Aerospace were worth $10,793,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of HWM. Norges Bank acquired a new position in shares of Howmet Aerospace in the second quarter valued at $1,633,157,000. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 30.1% during the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after buying an additional 7,356,077 shares in the last quarter. American Century Companies Inc. increased its holdings in Howmet Aerospace by 51.8% in the 2nd quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after buying an additional 1,240,071 shares during the period. Invesco Ltd. increased its holdings in Howmet Aerospace by 12.2% in the 3rd quarter. Invesco Ltd. now owns 7,367,438 shares of the company’s stock valued at $1,445,712,000 after buying an additional 801,093 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Howmet Aerospace by 68.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock valued at $356,617,000 after buying an additional 780,896 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $260.00, for a total transaction of $260,000.00. Following the sale, the vice president owned 23,874 shares in the company, valued at approximately $6,207,240. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 45,150 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the sale, the executive vice president owned 107,008 shares of the company’s stock, valued at approximately $26,933,913.60. This trade represents a 29.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.12% of the stock is currently owned by insiders.
Howmet Aerospace Stock Down 2.9%
Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Howmet Aerospace had a net margin of 18.27% and a return on equity of 30.41%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. Howmet Aerospace has set its Q1 2026 guidance at 1.090-1.110 EPS and its FY 2026 guidance at 4.350-4.550 EPS. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th were given a $0.12 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 12.94%.
Analysts Set New Price Targets
A number of research firms have recently commented on HWM. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Howmet Aerospace in a report on Tuesday, February 17th. UBS Group upped their target price on shares of Howmet Aerospace from $228.00 to $260.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $227.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Royal Bank Of Canada raised their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, Susquehanna lifted their price objective on Howmet Aerospace from $255.00 to $290.00 and gave the company a “positive” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $256.15.
Howmet Aerospace 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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