Alcosta Capital Management Inc. Invests $4.87 Million in Howmet Aerospace Inc. $HWM

Alcosta Capital Management Inc. bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,732 shares of the company’s stock, valued at approximately $4,866,000. Howmet Aerospace comprises about 3.1% of Alcosta Capital Management Inc.’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of HWM. Norges Bank bought a new stake in shares of Howmet Aerospace in the 4th quarter worth about $1,793,698,000. Invesco Ltd. lifted its holdings in Howmet Aerospace by 12.2% during the 3rd quarter. Invesco Ltd. now owns 7,367,438 shares of the company’s stock worth $1,445,712,000 after buying an additional 801,093 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 1.4% during 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 during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Howmet Aerospace by 27.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,754,204 shares of the company’s stock worth $564,667,000 after buying an additional 599,151 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Howmet Aerospace by 56.3% during the 4th quarter. Franklin Resources Inc. now owns 1,433,811 shares of the company’s stock worth $293,960,000 after buying an additional 516,570 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s 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 directly owned 65,105 shares in the company, valued at $17,545,797.50. This trade represents a 39.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

Howmet Aerospace Trading Down 0.1%

Shares of NYSE HWM opened at $264.46 on Friday. The company has a market cap of $105.81 billion, a price-to-earnings ratio of 61.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Howmet Aerospace Inc. has a 12-month low of $169.06 and a 12-month high of $280.74. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $253.46 and its 200 day simple moving average is $233.79.

Howmet Aerospace (NYSE:HWM) last announced 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 return on equity of 29.27% and a net margin of 20.23%.The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $0.86 EPS. The business’s revenue was up 19.1% on a year-over-year basis. 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 year.

Howmet Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

HWM has been the topic of a number of research analyst reports. Bank of America increased their target price on Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. Wolfe Research set a $270.00 target price on Howmet Aerospace and gave the stock an “outperform” rating in a report on Wednesday, March 11th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Royal Bank Of Canada increased their target price on Howmet Aerospace from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.53.

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.