Aaron Wealth Advisors LLC Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Aaron Wealth Advisors LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,705 shares of the company’s stock after buying an additional 164 shares during the period. Aaron Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HWM. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth $30,000. Assetmark Inc. raised its stake in shares of Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the last quarter. ORG Partners LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at $44,000. Finally, Planning Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the third quarter valued at $51,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird raised their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Truist Financial lifted 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $125.38 on Monday. The firm’s 50 day simple moving average is $114.78 and its two-hundred day simple moving average is $101.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The company has a market capitalization of $50.94 billion, a P/E ratio of 47.86, a P/E/G ratio of 1.27 and a beta of 1.49. Howmet Aerospace Inc. has a 1-year low of $53.80 and a 1-year high of $126.26.

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.