2,653 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by True Vision MN LLC

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

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings 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 acquiring an additional 130 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $223,000. Assetmark Inc. raised its position in shares of Howmet Aerospace by 69.4% during the 4th quarter. Assetmark Inc. now owns 747 shares of the company's stock worth $82,000 after purchasing an additional 306 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Howmet Aerospace by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 65,570 shares of the company's stock valued at $7,171,000 after buying an additional 3,676 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Howmet Aerospace by 2.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 244,489 shares of the company's stock valued at $26,740,000 after buying an additional 6,953 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Benchmark boosted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Truist Financial raised their price target 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. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Four research 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, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Trading Up 0.7%

NYSE:HWM traded up $1.18 during trading hours on Friday, reaching $179.71. 1,748,275 shares of the company were exchanged, compared to its average volume of 2,809,579. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 58.54, a PEG ratio of 2.63 and a beta of 1.43. The stock has a 50 day simple moving average of $170.38 and a 200 day simple moving average of $141.47. Howmet Aerospace Inc. has a 52-week low of $77.22 and a 52-week high of $187.51. 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 (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 analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion during 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 firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the sale, the executive vice president directly owned 131,859 shares in the company, valued at $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last ninety days. Corporate 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.