Howmet Aerospace Inc. (NYSE:HWM) Stake Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 527,039 shares of the company's stock after acquiring an additional 50,988 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Howmet Aerospace worth $68,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HWM. CVA Family Office LLC raised its stake in shares of Howmet Aerospace by 15.7% during the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after purchasing an additional 82 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Howmet Aerospace by 4.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock valued at $256,000 after acquiring an additional 92 shares in the last quarter. Nilsine Partners LLC raised its position in Howmet Aerospace by 3.9% during the first quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock valued at $319,000 after acquiring an additional 93 shares in the last quarter. Argentarii LLC lifted its stake in Howmet Aerospace by 1.1% in the first quarter. Argentarii LLC now owns 9,054 shares of the company's stock valued at $1,175,000 after acquiring an additional 98 shares during the last quarter. Finally, Curated Wealth Partners LLC grew its position in Howmet Aerospace by 4.1% in the first quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock worth $326,000 after acquiring an additional 99 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction dated 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 sale, the chief executive officer directly owned 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the company'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 completion of the sale, the vice president directly owned 23,044 shares in the company, 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. Insiders have sold 831,250 shares of company stock valued at $130,517,863 in the last 90 days. 1.04% of the stock is currently owned by company insiders.

Howmet Aerospace Stock Up 0.7%

Shares of HWM opened at $179.71 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The company has a 50-day simple moving average of $170.38 and a 200-day simple moving average of $141.47. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $187.51. The firm has a market capitalization of $72.54 billion, a P/E ratio of 58.54, a P/E/G ratio of 2.63 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly 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. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Benchmark raised their price target 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 raised their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Truist Financial boosted their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

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.

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