Wealthfront Advisers LLC Has $11.60 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Wealthfront Advisers LLC lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 89,450 shares of the company's stock after acquiring an additional 4,857 shares during the period. Wealthfront Advisers LLC's holdings in Howmet Aerospace were worth $11,604,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after buying an additional 130 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $223,000. Sequoia Financial Advisors LLC raised its holdings in shares of Howmet Aerospace by 19.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,736 shares of the company's stock worth $518,000 after buying an additional 786 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Howmet Aerospace by 87.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 883 shares of the company's stock worth $97,000 after buying an additional 411 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Howmet Aerospace by 24.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,820 shares of the company's stock worth $965,000 after buying an additional 1,753 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HWM. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Benchmark increased their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Morgan Stanley increased their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday. UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $150.44.

Howmet Aerospace Price Performance

NYSE:HWM traded up $2.03 during mid-day trading on Friday, reaching $190.86. 668,370 shares of the company were exchanged, compared to its average volume of 2,793,833. Howmet Aerospace Inc. has a 12 month low of $77.22 and a 12 month high of $192.00. The company has a fifty day moving average of $172.73 and a 200 day moving average of $143.51. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The stock has a market cap of $77.05 billion, a PE ratio of 62.03, a PEG ratio of 2.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity

In related news, CEO John C. Plant sold 800,000 shares of the 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 sale, the chief executive officer directly owned 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the 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 owned 131,859 shares in the company, 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. In the last quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by insiders.

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.