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

True Vision MN LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,653 shares of the company's stock, valued at approximately $344,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $223,000. Assetmark Inc. lifted its stake in shares of Howmet Aerospace by 69.4% in the fourth quarter. Assetmark Inc. now owns 747 shares of the company's stock valued at $82,000 after purchasing an additional 306 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Howmet Aerospace by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 65,570 shares of the company's stock valued at $7,171,000 after purchasing an additional 3,676 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Howmet Aerospace by 2.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 244,489 shares of the company's stock valued at $26,740,000 after purchasing an additional 6,953 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Up 1.1%

Shares of NYSE HWM opened at $181.41 on Thursday. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $187.51. The firm has a market cap of $73.23 billion, a price-to-earnings ratio of 59.09, a PEG ratio of 2.70 and a beta of 1.43. 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 stock's 50-day simple moving average is $169.26 and its 200-day simple moving average is $140.53.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The business 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 company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The stock was 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 directly owned 23,044 shares in the company, 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 legal filing with the SEC, which is available at this link. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were 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 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. Over the last three months, insiders sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HWM shares. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Benchmark raised their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Truist Financial raised 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.13.

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.

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