BOCHK Asset Management Ltd Invests $649,000 in Howmet Aerospace Inc. (NYSE:HWM)

BOCHK Asset Management Ltd acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the company's stock, valued at approximately $649,000. Howmet Aerospace makes up approximately 0.4% of BOCHK Asset Management Ltd's portfolio, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $25,000. Meeder Asset Management Inc. raised its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $25,000. Kapitalo Investimentos Ltda bought a new stake in Howmet Aerospace in the fourth quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC grew its position in Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HWM. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, UBS Group upped their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Four equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Transactions at Howmet Aerospace

In related 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 value of $193,962.50. Following the completion of the sale, the vice president owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer owned 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Performance

NYSE HWM traded down $2.83 during trading on Thursday, hitting $178.59. The company's stock had a trading volume of 2,823,647 shares, compared to its average volume of 2,812,479. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $187.51. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The firm has a market cap of $72.09 billion, a P/E ratio of 58.17, a price-to-earnings-growth ratio of 2.70 and a beta of 1.43. The firm has a 50 day moving average price of $169.26 and a 200 day moving average price of $140.53.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Howmet Aerospace's revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

About Howmet Aerospace

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.