Moloney Securities Asset Management LLC Sells 1,669 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Moloney Securities Asset Management LLC trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 18.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,189 shares of the company's stock after selling 1,669 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Howmet Aerospace were worth $933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LBP AM SA lifted its stake in shares of Howmet Aerospace by 20.5% in the 1st quarter. LBP AM SA now owns 54,418 shares of the company's stock valued at $7,060,000 after purchasing an additional 9,244 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 14.5% in the 1st quarter. Axxcess Wealth Management LLC now owns 8,155 shares of the company's stock valued at $1,058,000 after purchasing an additional 1,031 shares during the period. Greenleaf Trust lifted its stake in shares of Howmet Aerospace by 24.9% in the 1st quarter. Greenleaf Trust now owns 4,726 shares of the company's stock valued at $613,000 after purchasing an additional 943 shares during the period. Valeo Financial Advisors LLC raised its stake in Howmet Aerospace by 6.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,968 shares of the company's stock worth $385,000 after buying an additional 184 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Howmet Aerospace by 1.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 127,950 shares of the company's stock worth $16,599,000 after buying an additional 1,361 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president owned 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the sale, the chief executive officer owned 236,544 shares in the company, valued at $37,127,946.24. The trade was 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 worth $130,517,863. Corporate insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $1.18 during trading on Friday, hitting $179.71. 1,748,275 shares of the company were exchanged, compared to its average volume of 2,809,579. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $187.51. The company has a market cap of $72.54 billion, a PE ratio of 58.54, a P/E/G ratio of 2.63 and a beta of 1.43. The stock has a 50 day moving average of $170.38 and a 200 day moving average of $141.47.

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

Analyst Ratings Changes

HWM has been the topic of a number of research reports. Benchmark upped their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $142.13.

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.