CIBC Private Wealth Group LLC Cuts Stock Holdings in Howmet Aerospace Inc. $HWM

CIBC Private Wealth Group LLC trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 2,317,207 shares of the company’s stock after selling 14,469 shares during the quarter. Howmet Aerospace comprises approximately 0.8% of CIBC Private Wealth Group LLC’s portfolio, making the stock its 23rd biggest holding. CIBC Private Wealth Group LLC’s holdings in Howmet Aerospace were worth $454,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HWM. Vanguard Group Inc. grew its stake in Howmet Aerospace by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock worth $9,642,740,000 after buying an additional 664,595 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after buying an additional 7,356,077 shares in the last quarter. State Street Corp raised its position in shares of Howmet Aerospace by 1.6% during the 3rd quarter. State Street Corp now owns 17,964,662 shares of the company’s stock valued at $3,525,206,000 after buying an additional 278,587 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Howmet Aerospace by 2.4% during the 3rd quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock worth $2,134,545,000 after acquiring an additional 255,419 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth $1,633,157,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Barbara Lou Shultz sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president directly owned 23,874 shares in the company, valued at $6,207,240. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total value of $11,364,255.00. Following the completion of the transaction, the executive vice president directly owned 107,008 shares in the company, valued at $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. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $239.77 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. The stock has a market cap of $96.13 billion, a PE ratio of 64.63, a PEG ratio of 2.23 and a beta of 1.20. The company’s fifty day moving average is $234.34 and its 200 day moving average is $209.87. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $267.31.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. Howmet Aerospace had a net margin of 18.27% and a return on equity of 30.41%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. 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. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Friday, February 6th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 12.94%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HWM shares. BTIG Research reissued a “buy” rating and issued a $275.00 target price on shares of Howmet Aerospace in a research note on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $280.00 price target on shares of Howmet Aerospace in a research note on Friday, February 13th. Citigroup upped their price objective on Howmet Aerospace from $255.00 to $283.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. BNP Paribas Exane started coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $256.15.

About Howmet Aerospace

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.