Fifth Third Bancorp trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,061 shares of the company’s stock after selling 143 shares during the quarter. Fifth Third Bancorp’s holdings in Howmet Aerospace were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in HWM. Terra Nova Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $1,264,000. Stifel Financial Corp increased its holdings in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after buying an additional 28,568 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Howmet Aerospace by 1,258.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after acquiring an additional 1,900 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after acquiring an additional 15,070 shares in the last quarter. Finally, Genesis Private Wealth LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter worth $249,000. Institutional investors own 90.46% of the company’s stock.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $126.51 on Wednesday. Howmet Aerospace Inc. has a fifty-two week low of $55.33 and a fifty-two week high of $129.10. The stock’s 50-day moving average is $116.25 and its two-hundred day moving average is $103.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market cap of $51.40 billion, a P/E ratio of 48.29, a PEG ratio of 1.43 and a beta of 1.49.
Howmet Aerospace Increases Dividend
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays upped their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Robert W. Baird boosted 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.
Get Our Latest Stock Analysis on Howmet Aerospace
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.
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