Howmet Aerospace Inc. (NYSE:HWM) Holdings Decreased by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 73.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after purchasing an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Howmet Aerospace by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock worth $1,445,210,000 after purchasing an additional 80,972 shares in the last quarter. Janus Henderson Group PLC raised its position in Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after buying an additional 1,026,130 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HWM. UBS Group raised their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Northcoast Research raised Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Susquehanna lifted their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company a “positive” rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.00.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the business’s stock in a transaction 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 directly owned 131,859 shares of the company’s stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction 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 sale, the vice president directly owned 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 831,250 shares of company stock worth $130,517,863. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Up 0.2%

NYSE:HWM opened at $184.67 on Wednesday. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $187.51. The stock’s fifty day moving average is $171.56 and its two-hundred day moving average is $142.68. 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 capitalization of $74.55 billion, a price-to-earnings ratio of 60.15, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last announced its 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

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.