Capital International Inc. CA Sells 940 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Capital International Inc. CA trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.4% during the first quarter, HoldingsChannel.com reports. The firm owned 38,410 shares of the company’s stock after selling 940 shares during the quarter. Capital International Inc. CA’s holdings in Howmet Aerospace were worth $2,628,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HWM. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 3.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,642 shares of the company’s stock valued at $1,767,000 after purchasing an additional 1,075 shares in the last quarter. Pacer Advisors Inc. increased its position in Howmet Aerospace by 43.0% during the fourth quarter. Pacer Advisors Inc. now owns 44,555 shares of the company’s stock worth $2,411,000 after buying an additional 13,396 shares during the last quarter. PFG Investments LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $211,000. Procyon Advisors LLC grew its position in shares of Howmet Aerospace by 45.6% in the fourth quarter. Procyon Advisors LLC now owns 34,224 shares of the company’s stock valued at $1,852,000 after purchasing an additional 10,718 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Howmet Aerospace by 33.1% during the fourth quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 0.4 %

Shares of HWM traded up $0.34 during trading hours on Friday, hitting $82.68. The stock had a trading volume of 2,903,005 shares, compared to its average volume of 2,860,540. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $81.22 and a 200-day simple moving average of $70.76. The firm has a market capitalization of $33.75 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45. Howmet Aerospace Inc. has a 1-year low of $42.94 and a 1-year high of $85.52.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Argus upped their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. KeyCorp upped their target price on Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Benchmark upped their target price on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, Robert W. Baird increased their price target on Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.76.

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 that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the completion of the sale, the executive vice president now directly owns 217,687 shares of the company’s stock, valued at approximately $18,342,306.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.12% of the company’s stock.

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.