Global Trust Asset Management LLC Acquires Shares of 300 Howmet Aerospace Inc. (NYSE:HWM)

Global Trust Asset Management LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 300 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds have also made changes to their positions in the company. Lone Pine Capital LLC acquired a new position in Howmet Aerospace in the second quarter valued at about $284,539,000. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 1,336,592 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Howmet Aerospace by 1,168.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock worth $90,175,000 after acquiring an additional 1,070,049 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after acquiring an additional 487,880 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial upped their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays increased their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird raised their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One 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’s stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Price Performance

Shares of HWM opened at $126.68 on Thursday. The stock has a market cap of $51.46 billion, a P/E ratio of 48.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.49. Howmet Aerospace Inc. has a 1 year low of $55.00 and a 1 year high of $129.10. The stock’s 50-day moving average price is $115.26 and its two-hundred day moving average price is $102.51. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

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.