2,300 Shares in Howmet Aerospace (NYSE:HWM) Bought by NN Investment Partners Holdings N.V.

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NN Investment Partners Holdings N.V. bought a new position in shares of Howmet Aerospace (NYSE:HWM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,300 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Howmet Aerospace during the 1st quarter worth about $757,000. Teacher Retirement System of Texas acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $1,944,000. World Asset Management Inc acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $256,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $578,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $61,000. 83.73% of the stock is owned by institutional investors.

NYSE:HWM opened at $14.78 on Friday. Howmet Aerospace has a 12 month low of $9.87 and a 12 month high of $34.27. The business’s 50 day moving average price is $15.23. The company has a current ratio of 1.69, a quick ratio of 1.08 and a debt-to-equity ratio of 1.22. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 6.55 and a beta of 1.34.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.13. Howmet Aerospace had a return on equity of 22.09% and a net margin of 3.59%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.36 billion. Howmet Aerospace’s revenue for the quarter was down 9.4% on a year-over-year basis. Analysts anticipate that Howmet Aerospace will post 0.53 earnings per share for the current year.

Several brokerages have recently issued reports on HWM. Zacks Investment Research cut Howmet Aerospace from a “hold” rating to a “sell” rating in a report on Wednesday, July 15th. Cowen began coverage on Howmet Aerospace in a research note on Tuesday, May 5th. They issued a “hold” rating and a $14.00 price target for the company. Finally, Credit Suisse Group restated an “outperform” rating and issued a $22.00 price target on shares of Howmet Aerospace in a research note on Friday, June 26th.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries. It offers jet engine components, aerospace fastening systems, and titanium structural parts for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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