Advisory Alpha LLC Raises Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Advisory Alpha LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 10.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,802 shares of the company’s stock after acquiring an additional 270 shares during the quarter. Advisory Alpha LLC’s holdings in Howmet Aerospace were worth $306,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter valued at about $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the third quarter valued at about $30,000. Assetmark Inc. raised its position in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares during the period. ORG Partners LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at about $44,000. Finally, Planning Capital Management Corp purchased a new position in Howmet Aerospace in the third quarter valued at about $51,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $127.72 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. The firm’s 50-day moving average price is $115.48 and its two-hundred day moving average price is $102.68. Howmet Aerospace Inc. has a 52-week low of $55.00 and a 52-week high of $129.10. The stock has a market capitalization 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.

Analyst Ratings Changes

Several research firms have commented on HWM. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Susquehanna raised their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. UBS Group raised their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays raised their target price 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, Wells Fargo & Company raised their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

About Howmet Aerospace

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.