Hennion & Walsh Asset Management Inc. Sells 13,054 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Hennion & Walsh Asset Management Inc. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,825 shares of the company's stock after selling 13,054 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Howmet Aerospace were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission.

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

Howmet Aerospace Stock Up 2.0 %

HWM stock traded up $2.40 during trading on Friday, hitting $125.38. 3,918,290 shares of the stock traded hands, compared to its average volume of 1,771,605. Howmet Aerospace Inc. has a 1 year low of $53.80 and a 1 year high of $126.26. The stock has a market cap of $50.94 billion, a price-to-earnings ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The firm's 50 day moving average is $114.78 and its two-hundred day moving average is $101.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. Barclays boosted 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. Robert W. Baird lifted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their target price 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. Finally, Sanford C. Bernstein increased their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $115.71.

Howmet Aerospace 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.