Wright Investors Service Inc. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 17,434 shares of the company’s stock, valued at approximately $1,907,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 8.2% in the third 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. State Street Corp grew its position in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Geode Capital Management LLC increased its stake in Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after buying an additional 453,275 shares during the period. Lone Pine Capital LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth $284,539,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after acquiring an additional 114,457 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Sanford C. Bernstein upped their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.59.
Howmet Aerospace Stock Up 2.0 %
NYSE:HWM opened at $114.84 on Tuesday. The stock has a 50-day simple moving average of $113.82 and a 200 day simple moving average of $100.60. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $120.71. The company has a market capitalization of $46.66 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.
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.
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