Meeder Asset Management Inc. Acquires 2,920 Shares of Howmet Aerospace Inc. $HWM

Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1,622.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,100 shares of the company’s stock after acquiring an additional 2,920 shares during the period. Meeder Asset Management Inc.’s holdings in Howmet Aerospace were worth $714,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HWM. State Street Corp lifted its holdings in Howmet Aerospace by 2.2% during the fourth quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after buying an additional 400,767 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Howmet Aerospace by 27.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock valued at $3,409,936,000 after purchasing an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 221,775 shares during the last quarter. Norges Bank acquired a new stake in Howmet Aerospace in the 4th quarter worth approximately $1,793,698,000. Finally, Morgan Stanley raised its stake in Howmet Aerospace by 0.7% in the 4th quarter. Morgan Stanley now owns 5,533,106 shares of the company’s stock worth $1,134,398,000 after acquiring an additional 39,873 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HWM shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. TD Cowen lifted their price target on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. BTIG Research boosted their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Citigroup boosted their price objective on Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Susquehanna upped their target price on shares of Howmet Aerospace from $300.00 to $330.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Eighteen investment 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $293.21.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.85% of the company’s stock.

Howmet Aerospace Trading Down 0.1%

HWM opened at $272.20 on Tuesday. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $290.63. The stock has a market capitalization of $108.91 billion, a PE ratio of 63.16, a P/E/G ratio of 2.14 and a beta of 1.19. The business’s 50 day moving average price is $266.28 and its 200 day moving average price is $247.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (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 company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’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 research analysts expect that Howmet Aerospace Inc. will post 5.05 EPS for the current year.

Howmet Aerospace Announces Dividend

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