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KLP Kapitalforvaltning AS Sells 12,100 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Howmet Aerospace logo with Aerospace background

KLP Kapitalforvaltning AS lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 330,144 shares of the company's stock after selling 12,100 shares during the period. KLP Kapitalforvaltning AS owned 0.08% of Howmet Aerospace worth $42,830,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace during the 4th quarter worth $25,000. Meeder Asset Management Inc. increased its stake in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter worth about $25,000. GPS Wealth Strategies Group LLC boosted its holdings 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 in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $30,000. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The stock was 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 in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $3.21 during trading hours on Friday, reaching $190.01. 939,221 shares of the company were exchanged, compared to its average volume of 3,050,216. Howmet Aerospace Inc. has a 12 month low of $81.41 and a 12 month high of $191.60. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $175.57 and a 200 day moving average of $146.13. The firm has a market cap of $76.70 billion, a price-to-earnings ratio of 61.89, a PEG ratio of 2.74 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping 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%. Howmet Aerospace'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 EPS. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark lifted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Wall Street Zen downgraded shares of Howmet Aerospace from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. UBS Group raised their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $150.44.

View Our Latest Analysis on Howmet Aerospace

About Howmet Aerospace

(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.

Further Reading

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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