CWM LLC boosted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,756 shares of the company's stock after acquiring an additional 3,374 shares during the quarter. CWM LLC's holdings in Howmet Aerospace were worth $6,066,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. CVA Family Office LLC increased its stake in Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock valued at $78,000 after buying an additional 82 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock valued at $256,000 after buying an additional 92 shares during the last quarter. Nilsine Partners LLC increased its stake in Howmet Aerospace by 3.9% in the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock valued at $319,000 after buying an additional 93 shares during the last quarter. Argentarii LLC increased its stake in Howmet Aerospace by 1.1% in the 1st quarter. Argentarii LLC now owns 9,054 shares of the company's stock valued at $1,175,000 after buying an additional 98 shares during the last quarter. Finally, Curated Wealth Partners LLC increased its stake in Howmet Aerospace by 4.1% in the 1st quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock valued at $326,000 after buying an additional 99 shares during the last quarter. 90.46% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
HWM has been the subject of a number of recent research reports. Truist Financial boosted 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. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Susquehanna boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.44.
Check Out Our Latest Report on Howmet Aerospace
Howmet Aerospace Stock Performance
NYSE:HWM traded up $1.40 on Friday, reaching $190.23. 485,270 shares of the company's stock were exchanged, compared to its average volume of 2,793,142. 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 firm has a market cap of $76.79 billion, a price-to-earnings ratio of 62.01, a P/E/G ratio of 2.71 and a beta of 1.43. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $192.00. The stock has a fifty day simple moving average of $172.73 and a 200-day simple moving average of $143.51.
Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.
Insiders Place Their Bets
In related news, VP Barbara Lou Shultz sold 1,250 shares of the 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 transaction, the vice president owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 236,544 shares in the company, valued at approximately $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 ninety days, insiders have 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 Profile
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Free Report)
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.
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