Auto Owners Insurance Co Has $331,000 Stake in Howmet Aerospace Inc. (NYSE:HWM)

Auto Owners Insurance Co decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 63.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,550 shares of the company's stock after selling 4,483 shares during the period. Auto Owners Insurance Co's holdings in Howmet Aerospace were worth $331,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the fourth quarter worth about $25,000. GPS Wealth Strategies Group LLC raised its holdings in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Howmet Aerospace in the 4th quarter worth approximately $30,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president directly owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. 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 90 days. 1.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HWM has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley raised their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen lowered shares of Howmet Aerospace from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Benchmark raised their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, UBS Group raised their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $150.44.

Howmet Aerospace Stock Performance

Shares of HWM opened at $183.54 on Wednesday. The company has a market capitalization of $74.09 billion, a PE ratio of 59.79, a P/E/G ratio of 2.76 and a beta of 1.43. Howmet Aerospace Inc. has a 52-week low of $79.49 and a 52-week high of $191.61. The company has a 50-day simple moving average of $173.39 and a 200-day simple moving average of $144.55. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Company 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.

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