Pinnbrook Capital Management LP Sells 7,966 Shares of Howmet Aerospace Inc. $HWM

Pinnbrook Capital Management LP reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 24.2% in the fourth quarter, Holdings Channel reports. The fund owned 24,901 shares of the company’s stock after selling 7,966 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Howmet Aerospace were worth $5,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Invesco Ltd. boosted its position in shares of Howmet Aerospace by 12.2% during 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 last quarter. Vanguard Group Inc. boosted its position in shares of Howmet Aerospace by 1.4% during 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 last quarter. Federated Hermes Inc. boosted its position in shares of Howmet Aerospace by 140.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,073,305 shares of the company’s stock valued at $210,615,000 after acquiring an additional 627,397 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Howmet Aerospace by 116.7% during 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 last quarter. Finally, Danske Bank A S bought a new position in shares of Howmet Aerospace during the 3rd quarter valued at approximately $89,254,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. UBS Group increased their target price on Howmet Aerospace from $260.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BTIG Research increased their target price on Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $280.00 target price on shares of Howmet Aerospace in a research report on Tuesday, February 17th. Wells Fargo & Company began coverage on Howmet Aerospace in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 price target for the company. Finally, Citigroup raised their price target on Howmet Aerospace from $271.00 to $303.00 and gave the stock a “buy” rating in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $285.53.

Howmet Aerospace Stock Down 0.5%

NYSE:HWM opened at $259.96 on Friday. Howmet Aerospace Inc. has a twelve month low of $160.01 and a twelve month high of $280.74. The company has a market cap of $104.01 billion, a price-to-earnings ratio of 60.31, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. The stock has a fifty day simple moving average of $247.37 and a 200-day simple moving average of $228.17. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts anticipate that Howmet Aerospace Inc. will post 5.04 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Insider Buying and Selling at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,000 shares of the firm’s 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 transaction, the vice president owned 23,874 shares in the company, valued at approximately $6,207,240. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s 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 transaction, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.85% of the company’s stock.

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.