Ameritas Advisory Services LLC Acquires Shares of 2,643 Howmet Aerospace Inc. (NYSE:HWM)

Ameritas Advisory Services LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,643 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Howmet Aerospace by 1,168.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after acquiring an additional 1,070,049 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after purchasing an additional 487,880 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the period. Finally, State Street Corp lifted its stake in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HWM. Truist Financial lifted their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Sanford C. Bernstein lifted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Barclays increased their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Stock Up 0.8 %

HWM stock opened at $127.72 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $115.48 and a two-hundred day moving average of $102.68. Howmet Aerospace Inc. has a 12 month low of $55.00 and a 12 month high of $129.10. The company has a market cap of $51.89 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 1.43 and a beta of 1.49.

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.