Kingsman Wealth Management Inc. Buys Shares of 35,206 Howmet Aerospace Inc. (NYSE:HWM)

Kingsman Wealth Management Inc. bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,206 shares of the company's stock, valued at approximately $4,567,000. Howmet Aerospace comprises approximately 3.3% of Kingsman Wealth Management Inc.'s portfolio, making the stock its 10th largest position.

Several other hedge funds have also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. boosted its position in Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $25,000. GPS Wealth Strategies Group LLC boosted its position in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Down 1.4%

Howmet Aerospace stock traded down $2.75 during midday trading on Monday, hitting $187.74. 2,098,223 shares of the stock were exchanged, compared to its average volume of 2,795,466. The company has a fifty day simple moving average of $173.39 and a two-hundred day simple moving average of $144.55. Howmet Aerospace Inc. has a 52 week low of $78.34 and a 52 week high of $192.81. The stock has a market capitalization of $75.79 billion, a PE ratio of 61.15, a P/E/G 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 earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. Howmet Aerospace's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. Equities research analysts anticipate 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 business's stock in a transaction 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 directly owned 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HWM shares. Wall Street Zen cut Howmet Aerospace from a "buy" rating to a "hold" rating in a report on Friday. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Benchmark increased their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.44.

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.