Howmet Aerospace Inc. (NYSE:HWM) Holdings Raised by Lbp Am Sa

LBP AM SA raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 20.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $265,844,000. GAMMA Investing LLC lifted its stake in shares of Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after purchasing an additional 1,319,792 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president directly owned 23,044 shares of the company's stock, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HWM. Truist Financial lifted their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded down $2.83 during trading on Thursday, reaching $178.59. The stock had a trading volume of 2,824,011 shares, compared to its average volume of 2,812,997. Howmet Aerospace Inc. has a one year low of $77.22 and a one year high of $187.51. 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 stock has a market cap of $72.09 billion, a PE ratio of 58.17, a P/E/G ratio of 2.70 and a beta of 1.43. The firm's 50 day moving average price is $169.26 and its two-hundred day moving average price is $140.53.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS 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 the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. On average, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace 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.