Banco BTG Pactual S.A. Trims Stake in Howmet Aerospace Inc. $HWM

Banco BTG Pactual S.A. reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 30.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,106 shares of the company’s stock after selling 3,064 shares during the period. Banco BTG Pactual S.A.’s holdings in Howmet Aerospace were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Howmet Aerospace by 1.4% during the third quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock valued at $9,642,740,000 after buying an additional 664,595 shares during the last quarter. State Street Corp increased its holdings in Howmet Aerospace by 1.6% during the third quarter. State Street Corp now owns 17,964,662 shares of the company’s stock valued at $3,525,206,000 after buying an additional 278,587 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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. Bank of America Corp DE increased its holdings in Howmet Aerospace by 2.4% during the third quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after buying an additional 255,419 shares during the last quarter. Finally, Norges Bank purchased a new stake in Howmet Aerospace during the fourth quarter valued at approximately $1,793,698,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

HWM opened at $264.35 on Friday. The firm has a market cap of $105.77 billion, a P/E ratio of 61.33, a PEG ratio of 1.98 and a beta of 1.19. Howmet Aerospace Inc. has a 1-year low of $168.50 and a 1-year high of $280.74. The company has a 50 day simple moving average of $252.95 and a two-hundred day simple moving average of $233.58. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The company’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $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. Equities analysts forecast that Howmet Aerospace Inc. will post 5.04 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 65,105 shares in the company, valued at approximately $17,545,797.50. This represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. Citigroup upped their target price on shares of Howmet Aerospace from $271.00 to $303.00 and gave the company a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a report on Sunday, May 10th. Royal Bank Of Canada upped their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Susquehanna upped their price target on shares of Howmet Aerospace from $300.00 to $330.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Eighteen 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, the company has an average rating of “Moderate Buy” and a consensus price target of $285.53.

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.