Wealth Enhancement Advisory Services LLC Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Wealth Enhancement Advisory Services LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 3.6% in the fourth quarter, Holdings Channel reports. The fund owned 31,713 shares of the company’s stock after acquiring an additional 1,094 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Howmet Aerospace were worth $3,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. RiverPark Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter worth about $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at approximately $30,000. Assetmark Inc. grew its stake in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after buying an additional 126 shares in the last quarter. ORG Partners LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at $44,000. Finally, Planning Capital Management Corp bought a new stake in Howmet Aerospace during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $119.14 on Wednesday. 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 stock has a market capitalization of $48.40 billion, a P/E ratio of 45.47, a PEG ratio of 1.56 and a beta of 1.49. The stock has a 50-day moving average price of $114.16 and a 200-day moving average price of $100.89. Howmet Aerospace Inc. has a 12-month low of $53.18 and a 12-month high of $120.71.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HWM. Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein increased their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Finally, Truist Financial raised their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Check Out Our Latest Research Report on HWM

About Howmet Aerospace

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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