Navellier & Associates Inc. Sells 8,467 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Navellier & Associates Inc. lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,583 shares of the company's stock after selling 8,467 shares during the period. Howmet Aerospace comprises approximately 1.4% of Navellier & Associates Inc.'s investment portfolio, making the stock its 12th biggest holding. Navellier & Associates Inc.'s holdings in Howmet Aerospace were worth $9,546,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Advisors boosted its holdings in Howmet Aerospace by 37.9% in the first quarter. PFG Advisors now owns 9,593 shares of the company's stock valued at $1,245,000 after purchasing an additional 2,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after purchasing an additional 98,642 shares during the period. Park Avenue Securities LLC boosted its position in Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after buying an additional 13,500 shares during the period. Private Trust Co. NA lifted its position in shares of Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company's stock worth $87,000 after purchasing an additional 266 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Howmet Aerospace by 11.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock worth $4,350,000 after acquiring an additional 3,465 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $2.67 during midday trading on Friday, reaching $189.47. 1,915,589 shares of the company were exchanged, compared to its average volume of 3,735,684. Howmet Aerospace Inc. has a 12 month low of $81.41 and a 12 month high of $191.60. The company has a market cap of $76.48 billion, a P/E ratio of 61.72, a PEG ratio of 2.74 and a beta of 1.43. The company's 50 day moving average price is $176.10 and its two-hundred day moving average price is $146.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its 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 the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HWM shares. Wall Street Zen lowered shares of Howmet Aerospace from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $150.44.

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on 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 trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business'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 transaction of $4,755,900.00. Following the transaction, the executive vice president directly owned 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last ninety days. Corporate insiders own 1.04% of the company's stock.

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.