Pines Wealth Management LLC Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

Pines Wealth Management LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,271 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter worth $284,539,000. JPMorgan Chase & Co. increased its position in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. D. E. Shaw & Co. Inc. increased 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 worth $90,175,000 after purchasing an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC raised its stake in Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock worth $55,071,000 after purchasing an additional 548,800 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings 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 valued at $55,941,000 after purchasing an additional 487,880 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HWM shares. Robert W. Baird raised their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein lifted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Barclays lifted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. One equities 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Trading Up 2.3 %

HWM opened at $121.94 on Thursday. The business has a fifty day moving average price of $114.16 and a 200 day moving average price of $100.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $53.18 and a 12 month high of $124.15. The stock has a market capitalization of $49.54 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 1.56 and a beta of 1.49.

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.