Fulton Breakefield Broenniman LLC Has $23.11 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Fulton Breakefield Broenniman LLC trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 16.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,140 shares of the company's stock after selling 33,824 shares during the quarter. Howmet Aerospace accounts for 1.7% of Fulton Breakefield Broenniman LLC's holdings, making the stock its 18th biggest holding. Fulton Breakefield Broenniman LLC's holdings in Howmet Aerospace were worth $23,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. lifted its position in shares of Howmet Aerospace by 208.1% during the 4th 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 period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $30,000. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Howmet Aerospace by 114.6% during 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 during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HWM. Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, Truist Financial upped their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Trading Up 0.7%

Howmet Aerospace stock traded up $1.18 during trading hours on Friday, hitting $179.71. The stock had a trading volume of 1,748,275 shares, compared to its average volume of 2,812,311. 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 stock has a market cap of $72.54 billion, a price-to-earnings ratio of 58.54, a P/E/G ratio of 2.64 and a beta of 1.43. Howmet Aerospace Inc. has a one year low of $77.22 and a one year high of $187.51. The business's 50 day simple moving average is $170.38 and its 200-day simple moving average is $141.67.

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

Insider Activity

In other news, CEO John C. Plant sold 800,000 shares of the 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 sale, the chief executive officer owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 directly owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% 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.