Westpac Banking Corp Has $6.23 Million Stock Holdings in Howmet Aerospace Inc. $HWM

Westpac Banking Corp trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,376 shares of the company’s stock after selling 12,692 shares during the period. Westpac Banking Corp’s holdings in Howmet Aerospace were worth $6,228,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HWM. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $1,793,698,000. Invesco Ltd. raised its position in shares of 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 acquiring an additional 801,093 shares during the period. Vanguard Group Inc. raised its position in shares of Howmet Aerospace by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock valued at $9,642,740,000 after acquiring an additional 664,595 shares during the period. Franklin Resources Inc. raised its position in shares of Howmet Aerospace by 116.7% in the 3rd quarter. Franklin Resources Inc. now owns 917,241 shares of the company’s stock valued at $179,990,000 after acquiring an additional 493,872 shares during the period. Finally, Danske Bank A S acquired a new stake in Howmet Aerospace during the 3rd quarter worth approximately $89,254,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $250.35 on Wednesday. Howmet Aerospace Inc. has a 12 month low of $165.51 and a 12 month high of $280.74. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $249.76 and its 200-day simple moving average is $230.69. The firm has a market cap of $100.17 billion, a PE ratio of 58.09, a P/E/G ratio of 2.02 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last posted its quarterly 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 net margin of 20.23% and a return on equity of 29.27%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’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. Equities research analysts expect that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.85% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a research note on Sunday, May 10th. Royal Bank Of Canada lifted their price target on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price target on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, The Goldman Sachs Group set a $228.00 price target on shares of Howmet Aerospace in a research note on Tuesday, February 17th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $285.53.

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.