True Vision MN LLC Invests $344,000 in Howmet Aerospace Inc. (NYSE:HWM)

True Vision MN LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,653 shares of the company's stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWM. Wealth Enhancement Advisory Services LLC grew its stake in shares of Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after purchasing an additional 98,642 shares during the period. Park Avenue Securities LLC grew its stake in shares of Howmet Aerospace by 126.1% during the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after purchasing an additional 13,500 shares during the period. Private Trust Co. NA grew its stake in shares of Howmet Aerospace by 65.4% during the first quarter. Private Trust Co. NA now owns 673 shares of the company's stock worth $87,000 after purchasing an additional 266 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Howmet Aerospace by 11.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock worth $4,350,000 after purchasing an additional 3,465 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Howmet Aerospace by 22.1% during the first quarter. GAMMA Investing LLC now owns 10,238 shares of the company's stock worth $1,328,000 after purchasing an additional 1,854 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on HWM. UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Royal Bank Of Canada reissued 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 note on Monday, April 21st. Finally, BTIG Research reissued a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating and thirteen have given 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 target price of $142.13.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $2.83 on Thursday, hitting $178.59. The company's stock had a trading volume of 2,824,011 shares, compared to its average volume of 2,812,997. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average of $169.26 and a two-hundred day moving average of $140.53. The firm has a market capitalization of $72.09 billion, a P/E ratio of 58.17, a price-to-earnings-growth ratio of 2.70 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace 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 completion of the transaction, the executive vice president directly owned 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 831,250 shares of company stock worth $130,517,863. 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.