Wesbanco Bank Inc. Takes $581,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Wesbanco Bank Inc. purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,308 shares of the company’s stock, valued at approximately $581,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group increased its position in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares in the last quarter. Caprock Group LLC raised its holdings in Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after purchasing an additional 117 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after purchasing an additional 124 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Howmet Aerospace by 2.4% during the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock worth $527,000 after buying an additional 124 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on HWM shares. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. 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 report on Monday, November 11th. Truist Financial upped their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. 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. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Down 0.6 %

Shares of NYSE:HWM opened at $126.99 on Friday. The company’s fifty day moving average is $115.77 and its two-hundred day moving average is $102.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 1-year low of $55.00 and a 1-year high of $129.10. The stock has a market capitalization of $51.59 billion, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 1.43 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.