5,263 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,263 shares of the company's stock, valued at approximately $683,000.

Other institutional investors have also recently made changes to their positions in the company. Hemington Wealth Management boosted its holdings in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after buying an additional 81 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of Howmet Aerospace by 15.7% in the first quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after buying an additional 82 shares during the last quarter. Mount Lucas Management LP boosted its holdings in shares of Howmet Aerospace by 3.2% in the first quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after buying an additional 82 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Howmet Aerospace by 4.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after buying an additional 92 shares during the last quarter. Finally, Nilsine Partners LLC boosted its holdings in shares of Howmet Aerospace by 3.9% in the first quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president directly owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president directly owned 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. 1.04% of the stock is owned by company insiders.

Howmet Aerospace Trading Up 1.0%

Shares of HWM traded up $1.86 during trading hours on Friday, reaching $190.69. 2,265,086 shares of the company traded hands, compared to its average volume of 2,794,603. The firm has a market cap of $76.98 billion, a price-to-earnings ratio of 62.11, a PEG ratio of 2.77 and a beta of 1.43. Howmet Aerospace Inc. has a 12-month low of $77.49 and a 12-month high of $191.61. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock's fifty day moving average price is $173.39 and its 200 day moving average price is $144.07.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HWM shares. UBS Group lifted their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Susquehanna lifted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $150.44.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.