1,797 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by PAX Financial Group LLC

PAX Financial Group LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,797 shares of the company's stock, valued at approximately $233,000.

A number of other large investors also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the 4th quarter worth about $25,000. Meeder Asset Management Inc. raised its holdings in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $25,000. Kapitalo Investimentos Ltda purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $30,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

HWM has been the subject of several recent research reports. Susquehanna increased their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday. Morgan Stanley upped their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. UBS Group raised their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $150.44.

Howmet Aerospace Trading Up 1.1%

Shares of HWM stock traded up $2.03 during trading on Friday, hitting $190.86. 668,370 shares of the stock traded hands, compared to its average volume of 2,793,833. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $192.00. The firm has a market capitalization of $77.05 billion, a P/E ratio of 62.03, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. The firm's fifty day moving average price is $172.73 and its 200-day moving average price is $143.51. 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 posted its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Howmet Aerospace news, 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 transaction of $125,568,000.00. Following the completion of the sale, the chief executive officer directly owned 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 owned 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by insiders.

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.