Passumpsic Savings Bank Invests $2.66 Million in Howmet Aerospace Inc. $HWM

Passumpsic Savings Bank acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 12,989 shares of the company’s stock, valued at approximately $2,663,000. Howmet Aerospace comprises 1.5% of Passumpsic Savings Bank’s portfolio, making the stock its 29th largest holding.

Several other large investors have also modified their holdings of HWM. Invesco Ltd. lifted its holdings 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 worth $1,445,712,000 after acquiring an additional 801,093 shares during the period. Vanguard Group Inc. lifted its holdings 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 worth $9,642,740,000 after acquiring an additional 664,595 shares during the period. Federated Hermes Inc. lifted its holdings 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 worth $210,615,000 after acquiring an additional 627,397 shares during the period. Franklin Resources Inc. lifted its holdings 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 worth $179,990,000 after acquiring an additional 493,872 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Howmet Aerospace during the 3rd quarter worth about $89,254,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the completion of the sale, the vice president owned 23,874 shares of the company’s stock, valued at $6,207,240. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 41,932 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This trade represents a 39.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,082 shares of company stock valued at $22,924,929 in the last ninety days. 0.85% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Up 0.0%

NYSE HWM opened at $260.45 on Monday. Howmet Aerospace Inc. has a one year low of $160.01 and a one year high of $280.74. The company’s 50 day moving average price is $246.96 and its 200 day moving average price is $226.64. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. The firm has a market capitalization of $104.21 billion, a price-to-earnings ratio of 60.43, a PEG ratio of 2.07 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $0.86 earnings per share. Howmet Aerospace’s revenue for the quarter 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. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 5.02 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent analyst reports. Truist Financial set a $280.00 price objective on shares of Howmet Aerospace in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $265.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Morgan Stanley restated an “overweight” rating and issued a $315.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Susquehanna raised their price target on shares of Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $283.84.

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.