Lindbrook Capital LLC Increases Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Lindbrook Capital LLC boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 34.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 894 shares of the company’s stock after purchasing an additional 229 shares during the period. Lindbrook Capital LLC’s holdings in Howmet Aerospace were worth $48,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after buying an additional 212 shares in the last quarter. Headinvest LLC acquired a new position in Howmet Aerospace during the third quarter worth about $30,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Howmet Aerospace in the third quarter valued at about $31,000. Blue Trust Inc. grew its position in shares of Howmet Aerospace by 33.1% in 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, Huntington National Bank increased its stake in shares of Howmet Aerospace by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,315 shares of the company’s stock worth $61,000 after purchasing an additional 259 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.12% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $64.79 on Friday. The business’s fifty day moving average price is $65.90 and its 200 day moving average price is $56.94. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $69.55. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $26.46 billion, a P/E ratio of 35.40, a PEG ratio of 1.69 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Wall Street Analyst Weigh In

HWM has been the subject of several recent research reports. KeyCorp raised their price target on Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Robert W. Baird boosted their target price on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Finally, Barclays raised their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

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.