Assenagon Asset Management S.A. Cuts Position in Howmet Aerospace Inc. (NYSE:HWM)

Assenagon Asset Management S.A. lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 43.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 317,967 shares of the company's stock after selling 240,050 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Howmet Aerospace worth $34,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Quest Partners LLC lifted its position in Howmet Aerospace by 96.5% during the 2nd quarter. Quest Partners LLC now owns 721 shares of the company's stock valued at $56,000 after acquiring an additional 354 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Howmet Aerospace by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 402,111 shares of the company's stock valued at $31,216,000 after acquiring an additional 15,167 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Howmet Aerospace by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company's stock worth $163,218,000 after purchasing an additional 56,614 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Howmet Aerospace by 9.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,859 shares of the company's stock worth $2,142,000 after buying an additional 2,600 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in Howmet Aerospace during the second quarter valued at approximately $815,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

HWM has been the subject of several research analyst reports. UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Barclays lifted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Bank of America lifted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Susquehanna boosted their price objective 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 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, Howmet Aerospace has an average rating of "Moderate Buy" and an average target price of $115.71.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $2.40 during trading on Friday, hitting $125.38. 3,918,290 shares of the company were exchanged, compared to its average volume of 2,785,794. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $53.80 and a 1 year high of $126.26. The company has a market cap of $50.94 billion, a price-to-earnings ratio of 47.86, a PEG ratio of 1.27 and a beta of 1.49. The firm's fifty day moving average price is $114.54 and its 200 day moving average price is $101.19.

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.