Procyon Advisors LLC Buys 1,210 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Procyon Advisors LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,422 shares of the company’s stock after buying an additional 1,210 shares during the period. Procyon Advisors LLC’s holdings in Howmet Aerospace were worth $2,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HWM. Lone Pine Capital LLC purchased a new stake in Howmet Aerospace during the second quarter valued at $284,539,000. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Howmet Aerospace by 1,168.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after purchasing an additional 1,070,049 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after purchasing an additional 487,880 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after buying an additional 453,275 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research reports. Sanford C. Bernstein upped their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Truist Financial lifted their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Price Performance

HWM stock opened at $125.38 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company’s fifty day moving average price is $114.54 and its 200-day moving average price is $101.19. Howmet Aerospace Inc. has a one year low of $53.80 and a one year high of $126.26. The company has a market capitalization of $50.94 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49.

About Howmet Aerospace

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.