MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 30.7% in the 4th quarter, Holdings Channel reports. The firm owned 299,377 shares of the company’s stock after purchasing an additional 70,313 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Howmet Aerospace were worth $33,015,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HWM. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. State Street Corp lifted its position in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after purchasing an additional 114,457 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock worth $138,159,000 after buying an additional 150,387 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HWM. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. UBS Group increased their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $127.72 on Friday. 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 stock has a market cap of $51.89 billion, a P/E ratio of 48.75, a P/E/G ratio of 1.43 and a beta of 1.49. The stock has a 50 day moving average of $115.77 and a two-hundred day moving average of $102.85. Howmet Aerospace Inc. has a twelve month low of $55.00 and a twelve month high of $129.10.

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.