M&T Bank Corp lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,759 shares of the company's stock after selling 1,818 shares during the quarter. M&T Bank Corp's holdings in Howmet Aerospace were worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $30,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of 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 acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HWM. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Truist Financial lifted their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wells Fargo & Company lifted their price objective 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, Benchmark boosted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $142.13.
Check Out Our Latest Analysis on HWM
Howmet Aerospace Stock Performance
Shares of HWM traded up $1.18 during trading hours on Friday, hitting $179.71. The company had a trading volume of 1,748,275 shares, compared to its average volume of 2,812,311. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 58.54, a PEG ratio of 2.64 and a beta of 1.43. The business has a fifty day moving average of $170.38 and a 200-day moving average of $141.67. Howmet Aerospace Inc. has a 12 month low of $77.22 and a 12 month high of $187.51. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $0.53 earnings per share. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
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 on Monday, May 12th. The shares were 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 owned 236,544 shares in the company, valued at approximately $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction 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 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. Insiders have sold a total of 831,250 shares of company stock worth $130,517,863 in the last ninety days. Company insiders own 1.04% of the company's stock.
About Howmet Aerospace
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Free Report)
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.
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