Geneos Wealth Management Inc. Purchases 8,241 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Geneos Wealth Management Inc. lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 303.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,960 shares of the company’s stock after purchasing an additional 8,241 shares during the period. Geneos Wealth Management Inc.’s holdings in Howmet Aerospace were worth $1,199,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group raised its holdings in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after buying an additional 97 shares during the period. Caprock Group LLC increased its position in shares of Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Howmet Aerospace by 18.7% in the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after acquiring an additional 117 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after acquiring an additional 124 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $126.99 on Monday. The business has a 50 day moving average price of $116.07 and a 200 day moving average price of $103.33. 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 stock has a market cap of $51.59 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $129.10.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Bank of America increased their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Truist Financial lifted their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace 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.