Advisory Alpha LLC Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Advisory Alpha LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,802 shares of the company’s stock after purchasing an additional 270 shares during the quarter. Advisory Alpha LLC’s holdings in Howmet Aerospace were worth $306,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the third quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the third quarter worth about $30,000. Assetmark Inc. grew its holdings in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares during the period. ORG Partners LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth about $44,000. Finally, Planning Capital Management Corp acquired a new stake in Howmet Aerospace during the third quarter worth about $51,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $127.72 on Friday. Howmet Aerospace Inc. has a one year low of $55.00 and a one year high of $129.10. The stock has a market cap of $51.89 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The business’s fifty day moving average price is $115.48 and its two-hundred day moving average price is $102.68. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Analyst Upgrades and Downgrades

Several analysts have commented on HWM shares. Truist Financial raised their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. UBS Group raised their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Susquehanna raised their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.