Hedges Asset Management LLC Sells 400 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Hedges Asset Management LLC lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 3.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,200 shares of the company’s stock after selling 400 shares during the period. Hedges Asset Management LLC’s holdings in Howmet Aerospace were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. grew its stake in shares of Howmet Aerospace by 16.5% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,396 shares of the company’s stock worth $153,000 after acquiring an additional 198 shares during the last quarter. SMI Advisory Services LLC purchased a new stake in Howmet Aerospace during the 4th quarter valued at about $221,000. Wesbanco Bank Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at about $581,000. Janney Montgomery Scott LLC raised its holdings in Howmet Aerospace by 5.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 29,344 shares of the company’s stock worth $3,209,000 after buying an additional 1,526 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Howmet Aerospace by 2.7% in the fourth quarter. SG Americas Securities LLC now owns 198,840 shares of the company’s stock worth $21,747,000 after buying an additional 5,236 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HWM has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein raised their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Price Performance

NYSE HWM opened at $127.72 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $129.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company has a market capitalization of $51.89 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The business’s fifty day moving average is $115.48 and its 200 day moving average is $102.68.

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.