Procyon Advisors LLC Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

Procyon Advisors LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,422 shares of the company’s stock after acquiring an additional 1,210 shares during the quarter. Procyon Advisors LLC’s holdings in Howmet Aerospace were worth $2,343,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HWM. Caprock Group LLC increased its stake in Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after buying an additional 106 shares during the period. Versant Capital Management Inc grew its stake in Howmet Aerospace by 18.7% in the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after acquiring an additional 117 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Howmet Aerospace by 6.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after acquiring an additional 124 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Howmet Aerospace by 2.4% during the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after acquiring an additional 124 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HWM has been the subject of a number of research analyst reports. Robert W. Baird lifted 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. Truist Financial lifted their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Susquehanna upped their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Stock Up 2.0 %

Shares of HWM stock opened at $125.38 on Friday. The stock’s fifty day moving average price is $114.54 and its 200 day moving average price is $101.19. Howmet Aerospace Inc. has a 1-year low of $53.80 and a 1-year high of $126.26. The company has a market cap of $50.94 billion, a price-to-earnings ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

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.