E Fund Management Hong Kong Co. Ltd. Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,277 shares of the company’s stock after buying an additional 379 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Howmet Aerospace were worth $140,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Senator Investment Group LP increased its position in shares of Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth $1,264,000. Stifel Financial Corp raised its stake in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after buying an additional 15,070 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $126.99 on Monday. The stock has a market cap of $51.59 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 1.43 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 firm has a fifty day moving average price of $116.07 and a 200-day moving average price of $103.33. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HWM. UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. One investment 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. Based on data from MarketBeat, the company currently has an average 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.