Renaissance Investment Group LLC Purchases 36,063 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Renaissance Investment Group LLC boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 188.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,191 shares of the company's stock after purchasing an additional 36,063 shares during the quarter. Renaissance Investment Group LLC's holdings in Howmet Aerospace were worth $6,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the third quarter worth approximately $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace in the 3rd quarter valued at $30,000. ORG Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter worth about $44,000. Assetmark Inc. lifted 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 acquiring an additional 126 shares during the period. Finally, Planning Capital Management Corp bought a new stake in Howmet Aerospace during the third quarter worth $51,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. 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. 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. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Robert W. Baird lifted their price target 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. Finally, UBS Group increased their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.71.

Howmet Aerospace Trading Up 2.0 %

Shares of NYSE HWM traded up $2.40 during trading 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. Howmet Aerospace Inc. has a 12 month low of $53.80 and a 12 month high of $126.26. 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 stock has a market cap of $50.94 billion, a P/E ratio of 47.86, a PEG ratio of 1.27 and a beta of 1.49. The company's fifty day moving average price is $114.78 and its 200-day moving average price is $101.84.

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.