Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,466 shares of the company's stock after selling 11,406 shares during the quarter. Victory Capital Management Inc.'s holdings in Howmet Aerospace were worth $19,520,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Howmet Aerospace by 66.2% during the first quarter. Larson Financial Group LLC now owns 939 shares of the company's stock worth $122,000 after buying an additional 374 shares in the last quarter. Sage Mountain Advisors LLC purchased a new stake in shares of Howmet Aerospace during the first quarter worth about $263,000. PAX Financial Group LLC purchased a new stake in shares of Howmet Aerospace during the first quarter worth about $233,000. Wealthfront Advisers LLC grew its holdings in shares of Howmet Aerospace by 5.7% during the first quarter. Wealthfront Advisers LLC now owns 89,450 shares of the company's stock worth $11,604,000 after buying an additional 4,857 shares in the last quarter. Finally, First Business Financial Services Inc. purchased a new stake in shares of Howmet Aerospace during the first quarter worth about $216,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Howmet Aerospace from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, Morgan Stanley boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $150.44.

Howmet Aerospace Stock Up 1.4%

Shares of NYSE HWM traded up $2.67 during trading on Friday, reaching $189.47. 1,915,589 shares of the stock were exchanged, compared to its average volume of 3,735,684. The company has a market capitalization of $76.48 billion, a price-to-earnings ratio of 61.72, a price-to-earnings-growth ratio of 2.78 and a beta of 1.43. The business's 50-day moving average price is $176.10 and its 200 day moving average price is $146.89. 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 Inc. has a twelve month low of $81.41 and a twelve month high of $191.60.

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

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president directly 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 legal filing with the SEC, which is accessible through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president directly owned 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by company 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.