Nisa Investment Advisors LLC Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Nisa Investment Advisors LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 238.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 113,459 shares of the company's stock after buying an additional 79,937 shares during the quarter. Nisa Investment Advisors LLC's holdings in Howmet Aerospace were worth $14,719,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. CVA Family Office LLC boosted its stake in Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after purchasing an additional 82 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Howmet Aerospace by 4.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after buying an additional 92 shares during the last quarter. Nilsine Partners LLC lifted its stake in shares of Howmet Aerospace by 3.9% during the first quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after buying an additional 93 shares during the period. Argentarii LLC grew its holdings in shares of Howmet Aerospace by 1.1% during the first quarter. Argentarii LLC now owns 9,054 shares of the company's stock valued at $1,175,000 after buying an additional 98 shares during the last quarter. Finally, Curated Wealth Partners LLC increased its position in shares of Howmet Aerospace by 4.1% in the 1st quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock valued at $326,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was 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 directly owned 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace 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 completion of the transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 over the last ninety days. Company insiders own 1.04% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research analyst reports. UBS Group raised their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their price objective 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. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Benchmark increased their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Trading Up 0.7%

Shares of NYSE:HWM traded up $1.18 during midday trading on Friday, reaching $179.71. 1,748,275 shares of the company's stock were exchanged, compared to its average volume of 2,809,579. The stock has a market cap of $72.54 billion, a price-to-earnings ratio of 58.54, a P/E/G ratio of 2.63 and a beta of 1.43. Howmet Aerospace Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $187.51. The firm's 50 day simple moving average is $170.38 and its two-hundred day simple moving average is $141.47. 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 (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.94 billion. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. As a group, sell-side 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.