Sendero Wealth Management LLC Has $1.93 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Sendero Wealth Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,617 shares of the company's stock after purchasing an additional 4,119 shares during the period. Sendero Wealth Management LLC's holdings in Howmet Aerospace were worth $1,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quest Partners LLC lifted its position in Howmet Aerospace by 96.5% in the 2nd quarter. Quest Partners LLC now owns 721 shares of the company's stock valued at $56,000 after purchasing an additional 354 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $209,000. Envestnet Asset Management Inc. raised its holdings in shares of Howmet Aerospace by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 402,111 shares of the company's stock valued at $31,216,000 after buying an additional 15,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Howmet Aerospace by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company's stock worth $163,218,000 after buying an additional 56,614 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Howmet Aerospace by 341.7% in the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after buying an additional 548,800 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HWM. Truist Financial lifted their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. KeyCorp cut shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein upped their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.71.

Howmet Aerospace Price Performance

Shares of HWM traded up $1.18 during trading hours on Thursday, hitting $123.04. 2,892,871 shares of the company were exchanged, compared to its average volume of 2,672,245. The firm has a fifty day simple moving average of $114.31 and a 200-day simple moving average of $101.04. The company has a market capitalization of $49.98 billion, a PE ratio of 46.96, a PEG ratio of 1.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $124.15.

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.