Burney Co. Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Burney Co. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 35.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,090 shares of the company’s stock after acquiring an additional 5,541 shares during the quarter. Burney Co.’s holdings in Howmet Aerospace were worth $2,307,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. RiverPark Advisors LLC bought a new stake in Howmet Aerospace during the 3rd quarter valued at about $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $30,000. Assetmark Inc. increased its position in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares in the last quarter. ORG Partners LLC purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $44,000. Finally, Planning Capital Management Corp bought a new position in Howmet Aerospace in the 3rd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 2.3 %

HWM stock opened at $121.94 on Thursday. The business’s 50-day moving average price is $114.16 and its 200-day moving average price is $100.89. The stock has a market cap of $49.54 billion, a P/E ratio of 46.54, a PEG ratio of 1.56 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a twelve month low of $53.18 and a twelve month high of $124.15.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays boosted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Bank of America raised their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace 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.