Heritage Investors Management Corp Reduces Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Heritage Investors Management Corp trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 31,797 shares of the company's stock after selling 2,002 shares during the quarter. Heritage Investors Management Corp's holdings in Howmet Aerospace were worth $4,125,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HWM. Vanguard Group Inc. raised its holdings in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after buying an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after buying an additional 80,972 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after buying an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after buying an additional 308,574 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 1.4%

Shares of NYSE:HWM traded down $2.75 during midday trading on Monday, reaching $187.74. The company's stock had a trading volume of 2,098,223 shares, compared to its average volume of 2,795,466. Howmet Aerospace Inc. has a 12-month low of $78.34 and a 12-month high of $192.81. The firm has a 50 day moving average of $173.39 and a 200-day moving average of $144.55. The firm has a market capitalization of $75.79 billion, a P/E ratio of 61.15, a PEG ratio of 2.80 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HWM. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Susquehanna upped their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. 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 report on Thursday, June 12th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Wall Street Zen lowered shares of Howmet Aerospace from a "buy" rating to a "hold" rating in a report on Friday. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $150.44.

Insider Activity at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president owned 23,044 shares of the company's stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president directly owned 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.12% of the stock is owned by insiders.

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.