First Pacific Advisors LP Decreases Holdings in Howmet Aerospace Inc. (NYSE:HWM)

First Pacific Advisors LP decreased its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 16.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 607,906 shares of the company's stock after selling 121,352 shares during the period. Howmet Aerospace makes up 1.3% of First Pacific Advisors LP's portfolio, making the stock its 25th largest position. First Pacific Advisors LP owned approximately 0.15% of Howmet Aerospace worth $78,864,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HWM. CVA Family Office LLC increased its position in shares of Howmet Aerospace by 15.7% during the first quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after acquiring an additional 82 shares in the last quarter. Mount Lucas Management LP boosted its stake in Howmet Aerospace by 3.2% in the 1st quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after purchasing an additional 82 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Howmet Aerospace by 4.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after purchasing an additional 92 shares in the last quarter. Nilsine Partners LLC increased its holdings in Howmet Aerospace by 3.9% during the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after purchasing an additional 93 shares in the last quarter. Finally, Argentarii LLC increased its holdings in Howmet Aerospace by 1.1% during the 1st quarter. Argentarii LLC now owns 9,054 shares of the company's stock worth $1,175,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Insiders Place Their Bets

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the sale, the chief executive officer directly owned 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by corporate insiders.

Howmet Aerospace Stock Performance

HWM stock traded up $2.67 during midday trading on Friday, reaching $189.47. 1,915,589 shares of the company were exchanged, compared to its average volume of 3,735,684. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. The business has a 50-day moving average price of $176.10 and a two-hundred day moving average price of $146.67. Howmet Aerospace Inc. has a one year low of $81.41 and a one year high of $191.60. The firm has a market capitalization of $76.48 billion, a price-to-earnings ratio of 61.72, a price-to-earnings-growth ratio of 2.74 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 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on HWM shares. Morgan Stanley increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. UBS Group lifted their price objective 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 reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently 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.