Howmet Aerospace Inc. (NYSE:HWM) Stake Increased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,180 shares of the company’s stock after buying an additional 2,802 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Howmet Aerospace were worth $2,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWM. Whittier Trust Co. increased its stake in Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the last quarter. Lindbrook Capital LLC increased its stake in Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after purchasing an additional 229 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Howmet Aerospace by 62.9% during the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after purchasing an additional 377 shares during the last quarter. Blue Trust Inc. increased its stake in Howmet Aerospace by 33.1% during the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after purchasing an additional 271 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Howmet Aerospace during the first quarter valued at $68,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM stock opened at $79.59 on Thursday. The company has a market capitalization of $32.49 billion, a P/E ratio of 38.45, a PEG ratio of 1.50 and a beta of 1.45. The company has a 50-day simple moving average of $81.23 and a 200 day simple moving average of $70.48. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $85.52. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the sale, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HWM. KeyCorp boosted their target price on shares of Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Northcoast Research reiterated a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research note on Friday, June 14th. Benchmark boosted their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, Argus boosted their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $77.76.

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.