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

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

A number of other large investors have also recently made changes to their positions in the stock. CVA Family Office LLC increased its holdings in shares of Howmet Aerospace by 15.7% during the first quarter. CVA Family Office LLC now owns 605 shares of the company's stock valued at $78,000 after acquiring an additional 82 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Howmet Aerospace by 4.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock valued at $256,000 after acquiring an additional 92 shares in the last quarter. Nilsine Partners LLC increased its holdings in Howmet Aerospace by 3.9% in the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after buying an additional 93 shares during the period. Argentarii LLC lifted its position in shares of Howmet Aerospace by 1.1% during the 1st quarter. Argentarii LLC now owns 9,054 shares of the company's stock valued at $1,175,000 after buying an additional 98 shares in the last quarter. Finally, Curated Wealth Partners LLC lifted its position in shares of Howmet Aerospace by 4.1% during the 1st quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock valued at $326,000 after buying an additional 99 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 0.3%

NYSE HWM traded up $0.55 during trading on Friday, hitting $179.08. The stock had a trading volume of 906,442 shares, compared to its average volume of 2,805,542. The firm has a 50 day moving average price of $169.87 and a 200 day moving average price of $141.00. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $72.29 billion, a PE ratio of 58.29, a PEG ratio of 2.73 and a beta of 1.43. Howmet Aerospace Inc. has a twelve month low of $77.22 and a twelve month high of $187.51.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Insider Transactions at Howmet Aerospace

In other news, CEO John C. Plant sold 800,000 shares of the company's 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 sale, the chief executive officer directly owned 236,544 shares in the company, valued at $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $158.53, for a total value 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 approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 over the last 90 days. 1.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent analyst reports. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Truist Financial raised their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. UBS Group raised their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company raised their target price on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.13.

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.