Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,898 shares of the company’s stock after selling 2,041 shares during the quarter. Federated Hermes Inc.’s holdings in Howmet Aerospace were worth $6,922,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HWM. Daiwa Securities Group Inc. raised its stake in Howmet Aerospace by 6.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 35,615 shares of the company’s stock valued at $1,927,000 after buying an additional 2,047 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Howmet Aerospace by 3.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 278,538 shares of the company’s stock worth $15,074,000 after purchasing an additional 9,086 shares during the last quarter. SVB Wealth LLC lifted its stake in Howmet Aerospace by 14.3% during the fourth quarter. SVB Wealth LLC now owns 5,891 shares of the company’s stock worth $319,000 after purchasing an additional 738 shares during the last quarter. Cullen Investment Group LTD. acquired a new position in Howmet Aerospace in the fourth quarter worth $703,000. Finally, Louisiana State Employees Retirement System bought a new stake in Howmet Aerospace during the fourth quarter valued at $1,283,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and raised their price target for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. Barclays upped their target price on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Benchmark restated a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research report on Friday, April 19th. Finally, Robert W. Baird increased their target price on Howmet Aerospace from $65.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.00.

Howmet Aerospace Stock Performance

HWM stock opened at $64.70 on Thursday. The company has a 50-day simple moving average of $65.87 and a 200 day simple moving average of $56.88. The company has a market capitalization of $26.42 billion, a P/E ratio of 35.36, a PEG ratio of 1.64 and a beta of 1.43. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $69.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts predict that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is currently owned by corporate 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.