Mount Yale Investment Advisors LLC Sells 1,166 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mount Yale Investment Advisors LLC lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 13.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,383 shares of the company’s stock after selling 1,166 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Howmet Aerospace were worth $505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its stake in Howmet Aerospace by 3.2% during the 1st quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock valued at $348,000 after purchasing an additional 158 shares during the period. Valeo Financial Advisors LLC grew its holdings in Howmet Aerospace by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company’s stock valued at $247,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Howmet Aerospace by 10.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company’s stock valued at $122,000 after buying an additional 205 shares in the last quarter. Whittier Trust Co. grew its holdings in Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after buying an additional 228 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after buying an additional 229 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was 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 approximately $18,342,306.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, May 6th. KeyCorp lifted their target price on Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Northcoast Research reiterated a “sell” rating and issued a $70.00 target price on shares of Howmet Aerospace in a report on Friday, June 14th. Benchmark lifted their target price on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Truist Financial lifted their target price on Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.76.

Howmet Aerospace Trading Up 0.2 %

HWM traded up $0.17 during trading hours on Monday, reaching $82.85. 3,522,375 shares of the company’s stock traded hands, compared to its average volume of 3,203,321. 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 firm has a 50-day moving average price of $81.22 and a 200 day moving average price of $70.99. The firm has a market capitalization of $33.82 billion, a PE ratio of 39.98, a PEG ratio of 1.50 and a beta of 1.46. Howmet Aerospace Inc. has a 52-week low of $42.94 and a 52-week high of $85.52.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $1.82 billion for 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 company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 EPS. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 2.39 EPS for the current fiscal 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.