Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by PFG Advisors

PFG Advisors raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 37.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,593 shares of the company's stock after purchasing an additional 2,635 shares during the quarter. PFG Advisors' holdings in Howmet Aerospace were worth $1,245,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HWM. Brighton Jones LLC grew its stake in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth about $223,000. Fox Run Management L.L.C. purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth about $222,000. LPL Financial LLC boosted its stake in shares of Howmet Aerospace by 7.1% in the fourth quarter. LPL Financial LLC now owns 179,333 shares of the company's stock worth $19,614,000 after buying an additional 11,868 shares during the last quarter. Finally, TIAA Trust National Association boosted its stake in shares of Howmet Aerospace by 25.5% in the fourth quarter. TIAA Trust National Association now owns 2,796 shares of the company's stock worth $306,000 after buying an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HWM shares. UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Morgan Stanley increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Susquehanna increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $150.44.

Howmet Aerospace Trading Up 1.4%

Shares of HWM traded up $2.67 during midday trading on Friday, hitting $189.47. 1,915,589 shares of the stock were exchanged, compared to its average volume of 3,735,684. Howmet Aerospace Inc. has a 52-week low of $81.41 and a 52-week high of $191.60. The stock has a fifty day simple moving average of $176.10 and a 200 day simple moving average of $146.67. The firm has a market cap of $76.48 billion, a P/E ratio of 61.72, a P/E/G ratio of 2.74 and a beta of 1.43. 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 quarterly earnings results on Thursday, May 1st. The company reported $0.86 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 business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business posted $0.53 earnings per share. The company's quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president directly owned 23,044 shares in the company, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction on 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 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 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.

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.