Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 68.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,514 shares of the company’s stock after selling 52,074 shares during the quarter. Magnetar Financial LLC’s holdings in Howmet Aerospace were worth $1,609,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. increased its stake in Howmet Aerospace by 81.4% in 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 period. Lindbrook Capital LLC increased its stake in shares of Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after acquiring an additional 229 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Howmet Aerospace by 62.9% during the fourth quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after acquiring an additional 377 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Howmet Aerospace during the first quarter worth about $68,000. Finally, S.A. Mason LLC increased its stake in shares of Howmet Aerospace by 31.8% during the first quarter. S.A. Mason LLC now owns 1,035 shares of the company’s stock worth $71,000 after acquiring an additional 250 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Trading Up 0.4 %

Shares of NYSE:HWM traded up $0.34 during trading on Friday, reaching $82.68. The stock had a trading volume of 2,903,005 shares, compared to its average volume of 2,860,540. The business has a fifty day moving average price of $81.22 and a 200-day moving average price of $70.88. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86. The stock has a market cap of $33.75 billion, a P/E ratio of 39.94, a PEG ratio of 1.50 and a beta of 1.45. Howmet Aerospace Inc. has a fifty-two week low of $42.94 and a fifty-two week high of $85.52.

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, beating analysts’ consensus estimates of $0.52 by $0.05. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, analysts anticipate that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HWM shares. Northcoast Research reiterated a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. BTIG Research started coverage on shares of Howmet Aerospace in a report on Wednesday, June 26th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Argus boosted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.76.

Howmet Aerospace Company 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.