Kovitz Investment Group Partners LLC Reduces Holdings in Howmet Aerospace Inc. $HWM

Kovitz Investment Group Partners LLC reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 11.4% in the 4th quarter, Holdings Channel reports. The firm owned 101,138 shares of the company’s stock after selling 13,018 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Howmet Aerospace were worth $20,735,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in HWM. State Street Corp increased its position 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 boosted its holdings in shares of Howmet Aerospace by 27.0% in the fourth 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 acquiring an additional 3,531,700 shares during the period. Geode Capital Management LLC grew its position in shares of Howmet Aerospace by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock worth $2,316,277,000 after acquiring an additional 221,775 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Howmet Aerospace by 2.4% in the 3rd quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after acquiring an additional 255,419 shares during the period. Finally, Norges Bank acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $1,793,698,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM opened at $278.25 on Friday. The stock has a market capitalization of $111.33 billion, a P/E ratio of 64.56, a P/E/G ratio of 2.24 and a beta of 1.19. 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 Inc. has a 1 year low of $169.06 and a 1 year high of $290.63. The company’s fifty day moving average is $256.91 and its two-hundred day moving average is $236.09.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.11 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the business earned $0.86 EPS. 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. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 5.04 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 8th were given a $0.12 dividend. The ex-dividend date was Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 11.14%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. BNP Paribas Exane restated an “outperform” rating and issued a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Truist Financial set a $280.00 target price on shares of Howmet Aerospace in a report on Wednesday, March 11th. Susquehanna raised their price target on Howmet Aerospace from $300.00 to $330.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Finally, BTIG Research boosted their price target on Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $287.53.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the sale, the executive vice president owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. The trade was 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 the SEC website. Corporate insiders own 0.85% of the company’s stock.

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.