SteelPeak Wealth LLC Purchases 2,595 Shares of Howmet Aerospace Inc. (NYSE:HWM)

SteelPeak Wealth LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 39.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,168 shares of the company's stock after purchasing an additional 2,595 shares during the quarter. SteelPeak Wealth LLC's holdings in Howmet Aerospace were worth $1,189,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. raised its holdings in shares of Howmet Aerospace by 1.8% during the 1st quarter. Xponance Inc. now owns 63,330 shares of the company's stock worth $8,216,000 after acquiring an additional 1,135 shares in the last quarter. Cerity Partners LLC raised its stake in Howmet Aerospace by 31.6% during the first quarter. Cerity Partners LLC now owns 80,703 shares of the company's stock valued at $10,470,000 after purchasing an additional 19,384 shares in the last quarter. Allworth Financial LP lifted its position in Howmet Aerospace by 49.8% during the first quarter. Allworth Financial LP now owns 2,934 shares of the company's stock valued at $392,000 after purchasing an additional 975 shares during the last quarter. True Vision MN LLC bought a new position in Howmet Aerospace during the first quarter valued at $344,000. Finally, Quotient Wealth Partners LLC purchased a new position in shares of Howmet Aerospace in the 1st quarter worth $244,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 0.7%

NYSE:HWM traded up $1.18 during midday trading on Friday, hitting $179.71. The stock had a trading volume of 1,748,275 shares, compared to its average volume of 2,809,579. The stock has a 50-day moving average of $170.38 and a 200 day moving average of $141.47. The company has a market capitalization of $72.54 billion, a price-to-earnings ratio of 58.54, a PEG ratio of 2.63 and a beta of 1.43. Howmet Aerospace Inc. has a one year low of $77.22 and a one year high of $187.51. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

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, topping analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on HWM shares. UBS Group increased their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company 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 research note on Monday, June 30th. Benchmark boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Finally, Truist Financial lifted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

Insider Buying and Selling at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the business'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 value of $193,962.50. Following the completion of the transaction, the vice president owned 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president directly owned 131,859 shares in the company, valued at $20,903,607.27. This trade represents a 18.53% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

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.