10,400 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,400 shares of the company's stock, valued at approximately $1,137,000. Howmet Aerospace accounts for about 1.3% of Board of the Pension Protection Fund's portfolio, making the stock its 9th largest holding.

Several other institutional investors also recently made changes to their positions in HWM. Senator Investment Group LP boosted its position in shares of Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock worth $12,110,000 after buying an additional 31,000 shares during the period. Terra Nova Asset Management LLC bought a new stake in Howmet Aerospace during the 3rd quarter valued at $1,264,000. Stifel Financial Corp boosted its position in Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock worth $26,450,000 after acquiring an additional 28,568 shares during the period. Wealthspire Advisors LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock valued at $206,000 after purchasing an additional 1,900 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on HWM shares. Susquehanna raised their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $115.71.

Howmet Aerospace Stock Up 2.3 %

NYSE:HWM traded up $2.75 during trading hours on Wednesday, hitting $121.94. 4,736,646 shares of the stock traded hands, compared to its average volume of 2,647,719. The firm has a market cap of $49.54 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 1.56 and a beta of 1.49. The firm has a 50 day moving average price of $114.16 and a 200 day moving average price of $100.89. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a fifty-two week low of $53.18 and a fifty-two week high of $124.15.

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.