Brooklyn Investment Group Acquires 97 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Brooklyn Investment Group increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,678 shares of the company’s stock after acquiring an additional 97 shares during the quarter. Brooklyn Investment Group’s holdings in Howmet Aerospace were worth $183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HWM. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $26,000. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter valued at about $30,000. ORG Partners LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth about $44,000. Assetmark Inc. raised its position in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares during the period. Finally, Planning Capital Management Corp purchased a new position in Howmet Aerospace in the third quarter valued at about $51,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 2.0 %

NYSE:HWM opened at $125.38 on Friday. The firm has a market capitalization of $50.94 billion, a P/E ratio of 47.86, a P/E/G ratio of 1.27 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $114.78 and a 200 day moving average of $101.52. Howmet Aerospace Inc. has a 52 week low of $53.80 and a 52 week high of $126.26.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.71.

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.