Nordea Investment Management AB Sells 5,200 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Nordea Investment Management AB lowered its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,385 shares of the company's stock after selling 5,200 shares during the quarter. Nordea Investment Management AB's holdings in Howmet Aerospace were worth $7,399,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Lone Pine Capital LLC bought a new stake in Howmet Aerospace in the second quarter valued at about $284,539,000. JPMorgan Chase & Co. grew its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the period. D. E. Shaw & Co. Inc. increased its stake 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 valued at $90,175,000 after acquiring an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Howmet Aerospace by 341.7% in the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock valued at $55,071,000 after acquiring an additional 548,800 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock valued at $55,941,000 after acquiring an additional 487,880 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 2.0 %

HWM traded down $2.35 during trading hours on Friday, hitting $112.70. 2,474,024 shares of the company's stock were exchanged, compared to its average volume of 2,280,804. The stock has a market cap of $45.79 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 1.56 and a beta of 1.49. Howmet Aerospace Inc. has a 1-year low of $53.18 and a 1-year high of $120.71. The stock's 50-day moving average is $113.52 and its two-hundred day moving average is $100.05. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HWM. Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. 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 report on Wednesday, December 11th. Barclays raised their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. One 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 company's stock. According to MarketBeat, the stock currently has a consensus 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.