Danica Pension Livsforsikringsaktieselskab Buys New Stake in Howmet Aerospace Inc. $HWM

Danica Pension Livsforsikringsaktieselskab purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 42,787 shares of the company’s stock, valued at approximately $9,861,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in Howmet Aerospace by 2.2% in the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock worth $3,765,280,000 after purchasing an additional 400,767 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Howmet Aerospace by 27.0% during 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 buying an additional 3,531,700 shares during the period. Geode Capital Management LLC grew its stake 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 valued at $2,316,277,000 after buying an additional 221,775 shares during the last quarter. Norges Bank purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth approximately $1,793,698,000. Finally, Morgan Stanley lifted its stake in shares of Howmet Aerospace by 0.7% during the 4th quarter. Morgan Stanley now owns 5,533,106 shares of the company’s stock worth $1,134,398,000 after acquiring an additional 39,873 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of Howmet Aerospace from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. BTIG Research boosted their price objective on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, May 8th. TD Cowen increased their price target on Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 price objective on shares of Howmet Aerospace in a report on Tuesday, June 16th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.21.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction dated 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 completion of the transaction, the executive vice president owned 65,105 shares in the company, valued at $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 is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $278.98 on Wednesday. Howmet Aerospace Inc. has a twelve month low of $169.45 and a twelve month high of $290.63. 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 company has a market cap of $111.62 billion, a PE ratio of 64.73, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. The company’s 50 day moving average is $266.46 and its 200 day moving average is $247.91.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 5.05 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Howmet Aerospace Company 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.