Quadrature Capital Ltd Raises Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Quadrature Capital Ltd lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 145.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,070 shares of the company’s stock after buying an additional 34,441 shares during the quarter. Quadrature Capital Ltd’s holdings in Howmet Aerospace were worth $3,973,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Senator Investment Group LP acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at $8,554,000. Capital Research Global Investors acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at $148,996,000. Capital International Sarl increased its holdings in shares of Howmet Aerospace by 6.5% in the 1st quarter. Capital International Sarl now owns 85,254 shares of the company’s stock valued at $5,834,000 after acquiring an additional 5,199 shares during the period. Capital International Ltd. CA increased its holdings in shares of Howmet Aerospace by 1.0% in the 1st quarter. Capital International Ltd. CA now owns 86,250 shares of the company’s stock valued at $5,902,000 after acquiring an additional 831 shares during the period. Finally, Pinnbrook Capital Management LP acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at $6,160,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 217,687 shares in the company, valued at approximately $18,342,306.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.12% of the stock is owned by insiders.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $0.34 on Friday, hitting $82.68. The company’s stock had a trading volume of 2,903,005 shares, compared to its average volume of 2,860,540. Howmet Aerospace Inc. has a 52-week low of $42.94 and a 52-week high of $85.52. 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 fifty day moving average price of $81.22 and a 200-day moving average price of $70.88. The company 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 (NYSE:HWM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The business had revenue of $1.82 billion for 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 business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. On average, equities research analysts expect that Howmet Aerospace Inc. will post 2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent research reports. Barclays lifted their target price on shares of Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 6th. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. KeyCorp boosted their price objective on shares of Howmet Aerospace from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Northcoast Research reissued a “sell” rating and issued a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research note 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.