Lbp Am Sa Has $7.06 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

LBP AM SA raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,418 shares of the company's stock after buying an additional 9,244 shares during the quarter. LBP AM SA's holdings in Howmet Aerospace were worth $7,060,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Howmet Aerospace in the fourth quarter worth approximately $1,001,558,000. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC bought a new stake in Howmet Aerospace in the fourth quarter worth approximately $265,844,000. GAMMA Investing LLC grew its position in Howmet Aerospace by 15,741.8% in the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after acquiring an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after acquiring an additional 1,026,130 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.7%

Shares of NYSE:HWM traded up $1.18 during trading on Friday, hitting $179.71. 1,748,275 shares of the company's stock were exchanged, compared to its average volume of 2,809,579. Howmet Aerospace Inc. has a 1-year low of $77.22 and a 1-year high of $187.51. The firm has a 50-day moving average price of $170.38 and a two-hundred day moving average price of $141.47. 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 firm has a market cap of $72.54 billion, a P/E ratio of 58.54, a PEG ratio of 2.63 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $0.53 EPS. Howmet Aerospace's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial increased their price target 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 increased 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. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $142.13.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the business'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 owned 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, 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 quarter, 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 Company Profile

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.