Brown Advisory Inc. Lowers Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Brown Advisory Inc. reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 73.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,190 shares of the company's stock after selling 8,838 shares during the quarter. Brown Advisory Inc.'s holdings in Howmet Aerospace were worth $414,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. grew its holdings in shares of Howmet Aerospace by 3.0% during the 1st quarter. Crossmark Global Holdings Inc. now owns 17,901 shares of the company's stock worth $2,322,000 after purchasing an additional 516 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Howmet Aerospace by 2.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 71,556 shares of the company's stock worth $9,283,000 after purchasing an additional 1,743 shares during the period. BOCHK Asset Management Ltd purchased a new position in shares of Howmet Aerospace during the 1st quarter worth $649,000. Envestnet Asset Management Inc. grew its holdings in shares of Howmet Aerospace by 10.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 527,039 shares of the company's stock worth $68,373,000 after purchasing an additional 50,988 shares during the period. Finally, Cloud Capital Management LLC purchased a new position in shares of Howmet Aerospace during the 1st quarter worth $47,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm'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 transaction of $4,755,900.00. Following the transaction, the executive vice president owned 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president owned 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 831,250 shares of company stock worth $130,517,863 in the last quarter. 1.04% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Morgan Stanley increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday. Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $150.44.

Howmet Aerospace Stock Up 1.2%

Shares of HWM traded up $2.33 during mid-day trading on Friday, reaching $191.16. The company's stock had a trading volume of 396,957 shares, compared to its average volume of 3,059,395. Howmet Aerospace Inc. has a 12-month low of $77.49 and a 12-month high of $191.61. The stock has a market cap of $77.16 billion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. 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 company's 50 day moving average is $172.73 and its 200 day moving average is $143.51.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for 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 firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. Equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

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.