Board of the Pension Protection Fund Acquires Shares of 10,400 Howmet Aerospace Inc. (NYSE:HWM)

Board of the Pension Protection Fund acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,400 shares of the company’s stock, valued at approximately $1,137,000. Howmet Aerospace comprises about 1.3% of Board of the Pension Protection Fund’s holdings, making the stock its 9th largest holding.

Other large investors also recently bought and sold shares of the company. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace in the 3rd quarter valued at about $30,000. Assetmark Inc. lifted its stake in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $44,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $51,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on HWM shares. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. UBS Group raised their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein raised their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Trading Up 3.8 %

NYSE HWM opened at $119.14 on Wednesday. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $120.71. The firm has a 50 day simple moving average of $114.16 and a 200-day simple moving average of $100.89. The firm has a market cap of $48.40 billion, a price-to-earnings ratio of 45.47, a PEG ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

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.