Accurate Wealth Management LLC Makes New $269,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Accurate Wealth Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,383 shares of the company's stock, valued at approximately $269,000.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in Howmet Aerospace by 96.5% in the 2nd quarter. Quest Partners LLC now owns 721 shares of the company's stock valued at $56,000 after acquiring an additional 354 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Howmet Aerospace by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 402,111 shares of the company's stock worth $31,216,000 after buying an additional 15,167 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Howmet Aerospace by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company's stock valued at $163,218,000 after acquiring an additional 56,614 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Howmet Aerospace by 9.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,859 shares of the company's stock valued at $2,142,000 after purchasing an additional 2,600 shares during the period. Finally, Seven Eight Capital LP bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $815,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HWM shares. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Barclays boosted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Truist Financial lifted their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on shares of 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 given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $115.71.

Howmet Aerospace Stock Up 2.0 %

Shares of NYSE HWM traded up $2.40 during mid-day trading on Friday, reaching $125.38. 3,900,816 shares of the company's stock were exchanged, compared to its average volume of 2,784,125. Howmet Aerospace Inc. has a twelve month low of $53.80 and a twelve month high of $126.26. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $114.54 and a 200 day simple moving average of $101.19. The firm has a market capitalization of $50.94 billion, a price-to-earnings ratio of 47.86, a PEG ratio of 1.27 and a beta of 1.49.

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.