Legato Capital Management LLC Buys Shares of 2,000 Howmet Aerospace Inc. $HWM

Legato Capital Management LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 2,000 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in Howmet Aerospace by 66.7% in the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $36,000. Ares Financial Consulting LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $37,000. Finally, Harbor Investment Advisory LLC grew its position in shares of Howmet Aerospace by 339.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 180 shares of the company’s stock worth $37,000 after buying an additional 139 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM opened at $258.03 on Thursday. The stock has a 50 day moving average price of $248.56 and a 200 day moving average price of $229.65. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $103.24 billion, a price-to-earnings ratio of 59.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. Howmet Aerospace Inc. has a 52-week low of $165.51 and a 52-week high of $280.74.

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, beating analysts’ consensus estimates of $1.11 by $0.11. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. 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. Research analysts predict that Howmet Aerospace Inc. will post 5.04 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 8th were paid 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 payout ratio is currently 11.14%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the business’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 completion of the sale, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of a number of analyst reports. KeyCorp initiated coverage on Howmet Aerospace in a research report on Wednesday, March 25th. They set a “sector weight” rating for the company. The Goldman Sachs Group set a $228.00 price objective on Howmet Aerospace in a research report on Tuesday, February 17th. Wolfe Research set a $270.00 price objective on Howmet Aerospace and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Citigroup boosted their price objective on Howmet Aerospace from $271.00 to $303.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $320.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.53.

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.