Atomi Financial Group Inc. Raises Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Atomi Financial Group Inc. lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,597 shares of the company’s stock after acquiring an additional 1,061 shares during the period. Atomi Financial Group Inc.’s holdings in Howmet Aerospace were worth $721,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Brooklyn Investment Group boosted its position in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares in the last quarter. Caprock Group LLC lifted its position in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after buying an additional 106 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Howmet Aerospace by 18.7% during the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after buying an additional 117 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Howmet Aerospace by 6.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after buying an additional 124 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after buying an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 0.8 %

Shares of NYSE:HWM opened at $127.72 on Friday. The business has a 50-day moving average price of $115.48 and a 200 day moving average price of $102.68. 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 has a market capitalization of $51.89 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a 12-month low of $55.00 and a 12-month high of $129.10.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HWM. Wells Fargo & Company increased their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays increased their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Truist Financial increased their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

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.