Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 317,967 shares of the company’s stock after selling 240,050 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of Howmet Aerospace worth $34,776,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC grew its stake in Howmet Aerospace by 96.5% during the 2nd quarter. Quest Partners LLC now owns 721 shares of the company’s stock worth $56,000 after buying an additional 354 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Howmet Aerospace by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 402,111 shares of the company’s stock valued at $31,216,000 after acquiring an additional 15,167 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Howmet Aerospace by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after acquiring an additional 56,614 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Howmet Aerospace by 9.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,859 shares of the company’s stock valued at $2,142,000 after acquiring an additional 2,600 shares during the period. Finally, Seven Eight Capital LP purchased a new stake in Howmet Aerospace in the 2nd quarter valued at $815,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Up 1.0 %

HWM stock opened at $123.04 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $114.31 and its 200 day moving average price is $101.04. Howmet Aerospace Inc. has a 52 week low of $53.18 and a 52 week high of $124.15. The company has a market cap of $49.98 billion, a P/E ratio of 46.96, a P/E/G ratio of 1.27 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.