JPMorgan Chase & Co. Acquires 1,336,592 Shares of Howmet Aerospace Inc. (NYSE:HWM)

JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,711,497 shares of the company's stock after acquiring an additional 1,336,592 shares during the period. JPMorgan Chase & Co. owned approximately 4.36% of Howmet Aerospace worth $1,775,578,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HWM. Principal Financial Group Inc. grew its stake in Howmet Aerospace by 7.9% in the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company's stock valued at $48,556,000 after acquiring an additional 35,601 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of Howmet Aerospace during the 3rd quarter valued at about $250,000. Retirement Systems of Alabama grew its position in shares of Howmet Aerospace by 332.6% in the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company's stock valued at $37,095,000 after purchasing an additional 284,487 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Howmet Aerospace during the 3rd quarter worth approximately $3,388,000. Finally, Franklin Resources Inc. raised its holdings in Howmet Aerospace by 58.0% during the 3rd quarter. Franklin Resources Inc. now owns 570,476 shares of the company's stock worth $58,559,000 after buying an additional 209,492 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $1.30 during mid-day trading on Friday, hitting $111.23. 1,363,012 shares of the stock were exchanged, compared to its average volume of 2,873,771. The firm's 50-day simple moving average is $111.48 and its 200 day simple moving average is $97.88. The stock has a market capitalization of $45.19 billion, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. Howmet Aerospace Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $120.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HWM shares. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Barclays lifted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research report 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $115.59.

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.