Everence Capital Management Inc. acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,680 shares of the company's stock, valued at approximately $949,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Lone Pine Capital LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $284,539,000. JPMorgan Chase & Co. lifted 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 worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Howmet Aerospace by 1,168.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after purchasing an additional 548,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock valued at $55,941,000 after buying an additional 487,880 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research report on Thursday, October 24th. Truist Financial increased their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a 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. Wells Fargo & Company raised their price objective 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, Barclays lifted their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.59.
Get Our Latest Stock Analysis on Howmet Aerospace
Howmet Aerospace Trading Up 1.8 %
NYSE HWM traded up $1.97 during trading on Friday, hitting $112.76. The company had a trading volume of 2,132,521 shares, compared to its average volume of 2,100,860. The company's fifty day moving average is $112.26 and its 200-day moving average is $99.14. Howmet Aerospace Inc. has a one year low of $52.56 and a one year high of $120.71. 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 company has a market cap of $45.81 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49.
Howmet Aerospace 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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