International Assets Investment Management LLC Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

International Assets Investment Management LLC lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 99.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,247 shares of the company's stock after selling 235,756 shares during the quarter. International Assets Investment Management LLC's holdings in Howmet Aerospace were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace during the 3rd quarter valued at $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the third quarter worth about $30,000. Assetmark Inc. increased its holdings in Howmet Aerospace by 40.0% during 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 period. Planning Capital Management Corp purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $51,000. Finally, Larson Financial Group LLC raised its position in Howmet Aerospace by 99.2% during the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company's stock valued at $52,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Sanford C. Bernstein lifted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $115.59.

Howmet Aerospace Stock Down 2.0 %

NYSE:HWM opened at $112.70 on Monday. 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 firm has a market cap of $45.79 billion, a P/E ratio of 43.02, a P/E/G ratio of 1.56 and a beta of 1.49. Howmet Aerospace Inc. has a fifty-two week low of $53.18 and a fifty-two week high of $120.71. The firm has a 50-day simple moving average of $113.52 and a two-hundred day simple moving average of $100.35.

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.