Los Angeles Capital Management LLC Has $191.28 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Los Angeles Capital Management LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,474,414 shares of the company's stock after selling 191,510 shares during the quarter. Howmet Aerospace makes up 0.8% of Los Angeles Capital Management LLC's holdings, making the stock its 25th largest holding. Los Angeles Capital Management LLC owned about 0.36% of Howmet Aerospace worth $191,276,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HWM. Lindbrook Capital LLC lifted its position in shares of Howmet Aerospace by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,583 shares of the company's stock valued at $205,000 after acquiring an additional 327 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Howmet Aerospace by 4.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 31,418 shares of the company's stock worth $4,076,000 after acquiring an additional 1,402 shares during the last quarter. IFP Advisors Inc increased its stake in Howmet Aerospace by 8.9% during the first quarter. IFP Advisors Inc now owns 4,420 shares of the company's stock worth $573,000 after acquiring an additional 362 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Howmet Aerospace by 43.8% in the first quarter. AustralianSuper Pty Ltd now owns 1,337,693 shares of the company's stock valued at $173,539,000 after buying an additional 407,160 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Howmet Aerospace by 91.6% in the first quarter. Kestra Private Wealth Services LLC now owns 18,795 shares of the company's stock valued at $2,438,000 after buying an additional 8,983 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the business's 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 completion of the sale, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president owned 23,044 shares of the company's stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HWM. Susquehanna increased their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Wall Street Zen cut Howmet Aerospace from a "buy" rating to a "hold" rating in a report on Friday. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Truist Financial boosted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $150.44.

Howmet Aerospace Stock Performance

Shares of NYSE HWM traded up $1.86 during midday trading on Friday, hitting $190.69. The company's stock had a trading volume of 2,265,086 shares, compared to its average volume of 2,798,266. Howmet Aerospace Inc. has a one year low of $78.34 and a one year high of $191.61. The firm has a market capitalization of $76.98 billion, a price-to-earnings ratio of 62.11, a P/E/G ratio of 2.80 and a beta of 1.43. The stock has a fifty day moving average price of $173.39 and a 200 day moving average price of $144.31. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70.

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 (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion for 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%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. On average, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

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.