Massachusetts Financial Services Co. MA Has $1.97 Billion Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,161,551 shares of the company's stock after selling 1,595,525 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.75% of Howmet Aerospace worth $1,966,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at $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 worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace during the 4th quarter worth $25,000. Kapitalo Investimentos Ltda purchased a new stake in Howmet Aerospace during the 4th quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president owned 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HWM shares. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Susquehanna boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Morgan Stanley increased their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $150.44.

Howmet Aerospace Stock Up 2.0%

Howmet Aerospace stock traded up $3.67 during trading hours on Thursday, hitting $187.97. The company had a trading volume of 1,242,859 shares, compared to its average volume of 2,794,125. The firm has a market capitalization of $75.88 billion, a P/E ratio of 61.20, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. The firm's fifty day moving average is $172.10 and its 200-day moving average is $142.97. Howmet Aerospace Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $188.03.

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, beating the consensus estimate of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 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 year.

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.