Retirement Planning Co of New England Inc. Acquires Shares of 1,999 Howmet Aerospace Inc. (NYSE:HWM)

Retirement Planning Co of New England Inc. bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,999 shares of the company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Murphy & Mullick Capital Management Corp bought a new position in Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. grew its position in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the fourth quarter worth about $25,000. Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $30,000. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $188.98 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The company has a market capitalization of $76.29 billion, a price-to-earnings ratio of 61.56, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. The company's 50 day simple moving average is $172.73 and its 200-day simple moving average is $143.51. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $192.00.

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

Insider Activity

In related news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, the executive vice president directly owned 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last 90 days. Insiders own 1.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wells Fargo & Company upped their target price 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. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday. Benchmark lifted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $150.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.