Czech National Bank Purchases 4,943 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Czech National Bank boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,086 shares of the company's stock after buying an additional 4,943 shares during the period. Czech National Bank's holdings in Howmet Aerospace were worth $9,634,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares in the last quarter. State Street Corp raised its position in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock valued at $1,748,378,000 after purchasing an additional 384,171 shares during the period. Geode Capital Management LLC lifted its stake in shares of Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Lone Pine Capital LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $284,539,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock worth $231,101,000 after purchasing an additional 114,457 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of analyst reports. KeyCorp downgraded Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Truist Financial boosted their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Bank of America raised their price target 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 equities 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, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $115.71.

Howmet Aerospace Stock Up 3.8 %

Shares of NYSE HWM traded up $4.39 during midday trading on Tuesday, reaching $119.14. 3,173,108 shares of the company's stock traded hands, compared to its average volume of 2,382,857. The company has a market cap of $48.40 billion, a price-to-earnings ratio of 45.47, a P/E/G ratio of 1.56 and a beta of 1.49. The stock's 50 day simple moving average is $113.82 and its 200-day simple moving average is $100.60. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $120.71.

Howmet Aerospace Company 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.