Cerity Partners LLC Increases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Cerity Partners LLC boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 31.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,703 shares of the company's stock after acquiring an additional 19,384 shares during the period. Cerity Partners LLC's holdings in Howmet Aerospace were worth $10,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HWM. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. grew 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 worth $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace in the 4th quarter worth about $25,000. Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace in the 4th quarter worth about $30,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 2.6%

Shares of HWM stock opened at $184.34 on Tuesday. The business has a 50-day moving average of $170.98 and a 200 day moving average of $142.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. Howmet Aerospace Inc. has a 1-year low of $77.22 and a 1-year high of $187.51. The stock has a market capitalization of $74.41 billion, a PE ratio of 60.04, a P/E/G ratio of 2.64 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Benchmark boosted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. UBS Group increased their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Susquehanna lifted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average target price of $147.00.

Insiders Place Their Bets

In related news, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction 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. The trade was a 77.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 in the last quarter. Insiders own 1.12% of the company's stock.

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.

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