Wedmont Private Capital Buys 745 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Wedmont Private Capital boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,728 shares of the company’s stock after buying an additional 745 shares during the quarter. Wedmont Private Capital’s holdings in Howmet Aerospace were worth $870,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH lifted its holdings in shares of Howmet Aerospace by 17.0% in the 4th quarter. Trust Co. of Toledo NA OH now owns 5,968 shares of the company’s stock worth $653,000 after acquiring an additional 866 shares during the last quarter. Czech National Bank grew its position in Howmet Aerospace by 5.9% in the 4th quarter. Czech National Bank now owns 88,086 shares of the company’s stock valued at $9,634,000 after acquiring an additional 4,943 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Howmet Aerospace by 151.0% during the fourth quarter. West Oak Capital LLC now owns 1,255 shares of the company’s stock worth $137,000 after purchasing an additional 755 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Howmet Aerospace by 3.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,713 shares of the company’s stock worth $3,179,000 after purchasing an additional 1,094 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at about $44,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $119.14 on Wednesday. The stock has a 50-day moving average of $114.16 and a two-hundred day moving average of $100.89. 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 stock has a market cap of $48.40 billion, a P/E ratio of 45.47, a P/E/G ratio of 1.56 and a beta of 1.49. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $120.71.

Analyst Ratings Changes

A number of equities analysts have recently commented on HWM shares. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Sanford C. Bernstein upped their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial upped their target price on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.71.

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.