First Business Financial Services Inc. Invests $216,000 in Howmet Aerospace Inc. (NYSE:HWM)

First Business Financial Services Inc. bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,666 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. lifted its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Howmet Aerospace in the fourth quarter valued at about $25,000. Kapitalo Investimentos Ltda purchased a new position in Howmet Aerospace in the fourth quarter valued at about $30,000. Finally, GPS Wealth Strategies Group LLC grew its stake in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on HWM. Benchmark upped their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Susquehanna raised their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Monday. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, Truist Financial raised their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.00.

Insider Activity at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the transaction, the executive vice president owned 131,859 shares of the company’s stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer owned 236,544 shares of the company’s stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 in the last 90 days. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Trading Up 2.6%

Howmet Aerospace stock opened at $184.34 on Tuesday. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $187.51. The firm’s 50-day moving average is $170.98 and its 200-day moving average is $142.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 2.30. The company has a market cap of $74.41 billion, a P/E ratio of 60.04, a PEG ratio of 2.64 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. Howmet Aerospace’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

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.