Quotient Wealth Partners LLC Invests $244,000 in Howmet Aerospace Inc. (NYSE:HWM)

Quotient Wealth Partners LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,877 shares of the company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. increased its holdings in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter worth $25,000. Kapitalo Investimentos Ltda bought a new position in shares of Howmet Aerospace in the fourth quarter worth $30,000. Finally, GPS Wealth Strategies Group LLC increased its holdings 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 purchasing an additional 141 shares during the period. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.7%

NYSE HWM traded up $1.18 during trading on Friday, hitting $179.71. 1,748,275 shares of the company's stock traded hands, compared to its average volume of 2,812,311. The stock has a fifty day moving average of $170.38 and a two-hundred day moving average of $141.67. 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 Inc. has a 12-month low of $77.22 and a 12-month high of $187.51. The firm has a market cap of $72.54 billion, a P/E ratio of 58.54, a PEG ratio of 2.64 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on HWM. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. UBS Group upped their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $142.13.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president directly owned 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the company's 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 sale, the chief executive officer owned 236,544 shares of the company's stock, 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 three months. Company insiders own 1.04% of the company's stock.

About Howmet Aerospace

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.