Elite Wealth Management Inc. Reduces Position in Howmet Aerospace Inc. $HWM

Elite Wealth Management Inc. decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.0% in the first quarter, HoldingsChannel reports. The fund owned 30,468 shares of the company’s stock after selling 2,280 shares during the quarter. Howmet Aerospace makes up about 2.3% of Elite Wealth Management Inc.’s portfolio, making the stock its 12th largest holding. Elite Wealth Management Inc.’s holdings in Howmet Aerospace were worth $7,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. grew its stake in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares during the period. Acumen Wealth Advisors LLC bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC lifted its holdings in Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other 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 sale, the executive vice president directly owned 65,105 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on HWM. Susquehanna raised their price objective on shares of Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a research report on Friday, May 8th. BTIG Research increased their price target on Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wall Street Zen cut Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $318.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada upped their price objective on Howmet Aerospace from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Monday. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $294.53.

Howmet Aerospace Price Performance

HWM stock opened at $288.17 on Tuesday. 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 company’s fifty day moving average price is $268.14 and its 200-day moving average price is $250.04. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $295.28. The company has a market capitalization of $115.30 billion, a PE ratio of 66.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. Howmet Aerospace’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company 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. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 5.05 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 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.