Wright Investors Service Inc. Takes $1.91 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Wright Investors Service Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 17,434 shares of the company's stock, valued at approximately $1,907,000.

Several other hedge funds have also bought and sold shares of HWM. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter valued at $26,000. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter valued at $30,000. Assetmark Inc. grew its stake in shares of Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company's stock worth $44,000 after buying an additional 126 shares in the last quarter. ORG Partners LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth about $44,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HWM. UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Finally, KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $115.71.

Howmet Aerospace Trading Up 3.8 %

HWM traded up $4.39 during trading on Tuesday, hitting $119.14. 3,202,200 shares of the stock were exchanged, compared to its average volume of 2,386,571. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a 50 day simple moving average of $113.82 and a 200 day simple moving average of $100.60. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 45.47, a P/E/G 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.

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.