Whitener Capital Management Inc. Invests $212,000 in Howmet Aerospace Inc. (NYSE:HWM)

Whitener Capital Management Inc. acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,934 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. RiverPark Advisors LLC acquired a new stake in Howmet Aerospace during the third quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the third quarter worth $30,000. Assetmark Inc. boosted its stake in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares in the last quarter. ORG Partners LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth $44,000. Finally, Planning Capital Management Corp acquired a new stake in Howmet Aerospace during the third quarter worth $51,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 2.0 %

Shares of HWM opened at $125.38 on Friday. 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 12-month low of $53.80 and a 12-month high of $126.26. The firm has a market capitalization of $50.94 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The stock’s fifty day simple moving average is $114.54 and its 200-day simple moving average is $101.19.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent research reports. Royal Bank of Canada lifted their target price 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. Truist Financial lifted their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Finally, 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 research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.71.

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.