Howmet Aerospace Inc. (NYSE:HWM) Stake Lessened by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 73.5% in the first quarter, HoldingsChannel reports. The firm owned 3,190 shares of the company’s stock after selling 8,838 shares during the period. Brown Advisory Inc.’s holdings in Howmet Aerospace were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp bought a new position in shares of Howmet Aerospace during the 4th quarter worth about $25,000. Meeder Asset Management Inc. grew its position in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. GPS Wealth Strategies Group LLC raised its position in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after buying an additional 141 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Susquehanna lifted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a “positive” rating in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, Truist Financial upped their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.00.

Howmet Aerospace Stock Up 0.2%

HWM stock opened at $184.67 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. Howmet Aerospace Inc. has a fifty-two week low of $77.22 and a fifty-two week high of $187.51. The company’s 50 day moving average price is $171.56 and its 200 day moving average price is $142.68. The firm has a market capitalization of $74.55 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 2.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president directly owned 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Plant sold 800,000 shares of the firm’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 transaction, the chief executive officer owned 236,544 shares in the company, valued at $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last 90 days. 1.12% of the stock is currently owned by insiders.

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.