Covea Finance Sells 42,780 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Covea Finance lessened its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,470 shares of the company's stock after selling 42,780 shares during the quarter. Howmet Aerospace makes up 1.6% of Covea Finance's holdings, making the stock its 18th biggest position. Covea Finance owned about 0.08% of Howmet Aerospace worth $36,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace in the third quarter valued at $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. ORG Partners LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $44,000. Assetmark Inc. lifted its stake in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after purchasing an additional 126 shares during the last quarter. Finally, Planning Capital Management Corp bought a new position in Howmet Aerospace during the third quarter worth about $51,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on HWM shares. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Robert W. Baird increased their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Bank of America raised their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Susquehanna raised their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $115.71.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $2.75 during midday trading on Wednesday, reaching $121.94. The company's stock had a trading volume of 4,736,646 shares, compared to its average volume of 2,647,719. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market cap 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 business's 50 day moving average price is $114.16 and its two-hundred day moving average price is $100.89. 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.