Bradley Foster & Sargent Inc. CT decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 66.4% during the first quarter, HoldingsChannel reports. The firm owned 16,561 shares of the company’s stock after selling 32,757 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Howmet Aerospace were worth $3,817,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its stake in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC increased its stake in shares of Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
HWM stock opened at $289.09 on Monday. The stock has a market capitalization of $115.67 billion, a PE ratio of 67.07, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19. Howmet Aerospace Inc. has a 12-month low of $169.45 and a 12-month high of $293.00. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $267.50 and its 200 day simple moving average is $249.52.
Wall Street Analyst Weigh In
Several analysts recently weighed in on HWM shares. Jefferies Financial Group upped their price target on Howmet Aerospace from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. TD Cowen lifted their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. BNP Paribas Exane reissued an “outperform” rating and issued a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. UBS Group raised their price target on Howmet Aerospace from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Susquehanna lifted their price target on Howmet Aerospace from $300.00 to $330.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $293.21.
Check Out Our Latest Research Report on Howmet Aerospace
Insider Activity at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace 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 in the company, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.85% of the stock is owned by company insiders.
About Howmet Aerospace
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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