West Oak Capital LLC Grows Holdings in Howmet Aerospace Inc. (NYSE:HWM)

West Oak Capital LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 151.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,255 shares of the company’s stock after purchasing an additional 755 shares during the period. West Oak Capital LLC’s holdings in Howmet Aerospace were worth $137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Howmet Aerospace by 3.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,713 shares of the company’s stock valued at $3,179,000 after purchasing an additional 1,094 shares during the period. ORG Partners LLC purchased a new position in Howmet Aerospace in the fourth quarter worth approximately $44,000. Neville Rodie & Shaw Inc. grew its stake in shares of Howmet Aerospace by 8.0% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 59,374 shares of the company’s stock worth $6,494,000 after purchasing an additional 4,385 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Howmet Aerospace in the fourth quarter valued at $949,000. Finally, GAMMA Investing LLC raised its stake in Howmet Aerospace by 16.2% in the fourth quarter. GAMMA Investing LLC now owns 8,384 shares of the company’s stock valued at $917,000 after buying an additional 1,170 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $2.35 during midday trading on Friday, reaching $112.70. The stock had a trading volume of 2,474,024 shares, compared to its average volume of 2,280,804. The stock has a market cap of $45.79 billion, a P/E ratio of 43.02, a P/E/G ratio of 1.56 and a beta of 1.49. 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 $53.18 and a 12-month high of $120.71. The firm has a fifty day simple moving average of $113.27 and a two-hundred day simple moving average of $99.81.

Analyst Ratings Changes

A number of research analysts have recently commented on HWM shares. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial raised their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays upped their target price 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. Bank of America boosted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Susquehanna raised 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. One research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace 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.