Park Avenue Securities LLC Boosts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Park Avenue Securities LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 150.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,707 shares of the company's stock after purchasing an additional 6,433 shares during the period. Park Avenue Securities LLC's holdings in Howmet Aerospace were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of brokerages have commented on HWM. Deutsche Bank Aktiengesellschaft increased their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Barclays increased their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. UBS Group lifted 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. Truist Financial upped their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, KeyCorp downgraded shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $115.71.

Howmet Aerospace Trading Up 2.0 %

NYSE HWM traded up $2.40 during trading hours on Monday, reaching $125.38. The company had a trading volume of 3,918,290 shares, compared to its average volume of 1,771,605. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $50.94 billion, a P/E ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The stock has a 50-day moving average of $114.78 and a 200 day moving average of $101.84. Howmet Aerospace Inc. has a 1-year low of $53.80 and a 1-year high of $126.26.

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.