5,308 Shares in Howmet Aerospace Inc. (NYSE:HWM) Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, HoldingsChannel reports. The fund bought 5,308 shares of the company’s stock, valued at approximately $581,000.

Several other large investors have also recently added to or reduced their stakes in HWM. Janney Montgomery Scott LLC lifted its holdings in Howmet Aerospace by 5.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,344 shares of the company’s stock worth $3,209,000 after purchasing an additional 1,526 shares during the period. SG Americas Securities LLC boosted its stake in Howmet Aerospace by 2.7% during the fourth quarter. SG Americas Securities LLC now owns 198,840 shares of the company’s stock valued at $21,747,000 after buying an additional 5,236 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace during the fourth quarter worth about $33,000. Advisory Alpha LLC raised its position in Howmet Aerospace by 10.7% in the fourth quarter. Advisory Alpha LLC now owns 2,802 shares of the company’s stock worth $306,000 after acquiring an additional 270 shares in the last quarter. Finally, XML Financial LLC acquired a new stake in Howmet Aerospace during the fourth quarter valued at approximately $202,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Truist Financial increased their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird raised 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. One 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $126.99 on Friday. Howmet Aerospace Inc. has a one year low of $55.00 and a one year high of $129.10. The firm has a market capitalization of $51.59 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 1.43 and a beta of 1.49. 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 business has a fifty day simple moving average of $115.77 and a 200 day simple moving average of $102.85.

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.