Pines Wealth Management LLC Takes $256,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Pines Wealth Management LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,271 shares of the company's stock, valued at approximately $256,000.

Other large investors have also made changes to their positions in the company. Caprock Group LLC increased its stake in shares of Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company's stock worth $1,121,000 after acquiring an additional 106 shares during the last quarter. Versant Capital Management Inc increased its position in Howmet Aerospace by 18.7% during the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company's stock worth $81,000 after purchasing an additional 117 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Howmet Aerospace by 6.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company's stock valued at $195,000 after purchasing an additional 124 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock worth $527,000 after buying an additional 124 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after purchasing an additional 126 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.0 %

Howmet Aerospace stock traded up $1.18 during midday trading on Thursday, reaching $123.04. The company's stock had a trading volume of 2,328,314 shares, compared to its average volume of 2,598,889. The company has a market cap of $49.98 billion, a P/E ratio of 46.96, a P/E/G ratio of 1.27 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $114.31 and a 200-day simple moving average of $101.04. Howmet Aerospace Inc. has a fifty-two week low of $53.18 and a fifty-two week high of $124.15.

Analysts Set New Price Targets

HWM has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. KeyCorp cut Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Susquehanna boosted their price target 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 issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.71.

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.