Genesis Private Wealth LLC Makes New $249,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

Genesis Private Wealth LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,273 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors have also recently made changes to their positions in HWM. Lone Pine Capital LLC acquired a new stake in Howmet Aerospace in the second quarter valued at approximately $284,539,000. JPMorgan Chase & Co. raised its stake in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after buying an additional 1,336,592 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Howmet Aerospace by 695.6% in the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after purchasing an additional 487,880 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the subject of a number of research reports. Truist Financial upped 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. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays upped their price target on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Susquehanna increased their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein increased their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $127.15 on Wednesday. Howmet Aerospace Inc. has a one year low of $55.00 and a one year high of $129.10. The stock’s fifty day moving average is $114.99 and its 200 day moving average is $102.17. The stock has a market cap of $51.66 billion, a P/E ratio of 48.53, a P/E/G ratio of 1.41 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

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.