Whitener Capital Management Inc. Buys Shares of 1,934 Howmet Aerospace Inc. (NYSE:HWM)

Whitener Capital Management Inc. acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,934 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its position 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 worth $1,775,578,000 after buying an additional 1,336,592 shares in the last quarter. State Street Corp raised its holdings in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Geode Capital Management LLC raised its holdings in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares in the last quarter. Lone Pine Capital LLC bought a new stake in Howmet Aerospace during the second quarter worth approximately $284,539,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HWM. Barclays upped their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Robert W. Baird increased their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Bank of America increased their price objective 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, Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One 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, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Price Performance

NYSE HWM opened at $125.38 on Friday. The company has a market cap 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. Howmet Aerospace Inc. has a 1 year low of $53.80 and a 1 year high of $126.26. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $114.54 and a 200 day simple moving average of $101.19.

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.