Burney Co. increased its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,090 shares of the company's stock after purchasing an additional 5,541 shares during the quarter. Burney Co.'s holdings in Howmet Aerospace were worth $2,307,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC lifted its position in shares of Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company's stock worth $1,121,000 after purchasing an additional 106 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company's stock worth $81,000 after buying an additional 117 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company's stock valued at $195,000 after buying an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock valued at $527,000 after buying an additional 124 shares during the period. Finally, Assetmark Inc. raised its position in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.
Wall Street Analysts Forecast Growth
HWM has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Bank of America raised their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Truist Financial upped their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $115.71.
View Our Latest Analysis on HWM
Howmet Aerospace Stock Up 1.0 %
Shares of HWM stock traded up $1.18 during trading hours on Thursday, hitting $123.04. 2,892,871 shares of the company were exchanged, compared to its average volume of 2,672,245. Howmet Aerospace Inc. has a 52 week low of $53.18 and a 52 week high of $124.15. 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 50 day moving average of $114.31 and a two-hundred day moving average of $101.04. The company has a market capitalization of $49.98 billion, a PE ratio of 46.96, a PEG ratio of 1.27 and a beta of 1.49.
Howmet Aerospace Company Profile
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Free Report)
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.
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