USA Financial Formulas Sells 945 Shares of Howmet Aerospace Inc. (NYSE:HWM)

USA Financial Formulas reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,544 shares of the company’s stock after selling 945 shares during the quarter. USA Financial Formulas’ holdings in Howmet Aerospace were worth $825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWM. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares in the last quarter. State Street Corp grew its position in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares during the period. 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 buying an additional 453,275 shares during the last quarter. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at about $284,539,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 114,457 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

NYSE HWM opened at $121.94 on Thursday. Howmet Aerospace Inc. has a 52-week low of $53.18 and a 52-week high of $124.15. The company has a fifty day moving average of $114.16 and a 200-day moving average of $100.89. The company has a market capitalization of $49.54 billion, a P/E ratio of 46.54, a P/E/G ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Analysts Set New Price Targets

HWM has been the subject of a number of analyst reports. UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial upped their price target on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company raised their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.