ABN Amro Investment Solutions raised its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 13.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 17,433 shares of the company’s stock after acquiring an additional 2,056 shares during the quarter. ABN Amro Investment Solutions’ holdings in Howmet Aerospace were worth $4,018,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC raised its position in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the first quarter valued at about $399,000. Sivia Capital Partners LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $216,000. Brown Advisory Inc. raised its position in shares of Howmet Aerospace by 31.0% during the second quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock worth $778,000 after acquiring an additional 990 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Howmet Aerospace during the second quarter worth about $145,000. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Up 2.4%
Shares of Howmet Aerospace stock opened at $287.34 on Friday. The stock’s 50-day moving average is $266.93 and its 200 day moving average is $248.98. Howmet Aerospace Inc. has a one year low of $169.45 and a one year high of $290.63. The firm has a market cap of $114.97 billion, a price-to-earnings ratio of 66.67, a PEG ratio of 2.20 and a beta of 1.19. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59.
Analyst Upgrades and Downgrades
Several brokerages recently commented on HWM. Jefferies Financial Group upped their target price on Howmet Aerospace from $320.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Susquehanna raised their price target on shares of Howmet Aerospace from $300.00 to $330.00 and gave the stock a “positive” rating in a report on Friday, May 8th. UBS Group boosted their price target on shares of Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $318.00 price objective on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Friday, July 17th. Eighteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $293.21.
Insider Activity at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.85% of the stock is currently owned by corporate insiders.
Howmet Aerospace Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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