Burns J W & Co. Inc. NY Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

Burns J W & Co. Inc. NY purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,900 shares of the company’s stock, valued at approximately $208,000.

Other large investors have also made changes to their positions in the company. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace during the 3rd quarter worth $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace in the third quarter worth $30,000. ORG Partners LLC bought a new position in shares of Howmet Aerospace during the 4th quarter valued at about $44,000. Assetmark Inc. increased its stake in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares in the last quarter. Finally, Planning Capital Management Corp purchased a new position in Howmet Aerospace during the third quarter valued at approximately $51,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted 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. Robert W. Baird upped their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Truist Financial increased their price target on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities 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 stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $115.59.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $2.20 during trading hours on Monday, reaching $114.84. 2,167,117 shares of the stock traded hands, compared to its average volume of 2,264,298. The company has a 50 day moving average price of $113.52 and a 200 day moving average price of $100.35. The firm has a market capitalization of $46.66 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 1.56 and a beta of 1.49. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $120.71. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

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.