1,666 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by First Business Financial Services Inc.

First Business Financial Services Inc. acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,666 shares of the company's stock, valued at approximately $216,000.

Several other hedge funds have also made changes to their positions in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. Meeder Asset Management Inc. boosted its holdings in Howmet Aerospace by 208.1% in 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 during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace in the fourth quarter valued at $30,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Howmet Aerospace by 114.6% in the first 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 during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.2%

Shares of NYSE HWM traded down $0.38 on Wednesday, hitting $184.30. The company had a trading volume of 1,843,755 shares, compared to its average volume of 2,800,145. Howmet Aerospace Inc. has a 12-month low of $77.22 and a 12-month high of $187.51. The business has a 50 day moving average of $172.10 and a two-hundred day moving average of $142.97. 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 capitalization of $74.40 billion, a P/E ratio of 60.03, a PEG ratio of 2.71 and a beta of 1.43.

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

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $125,568,000.00. Following the completion of the transaction, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over 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 corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on HWM. UBS Group lifted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Benchmark lifted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, Wells Fargo & Company lifted their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.00.

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.