Wright Investors Service Inc. Invests $1.91 Million in Howmet Aerospace Inc. (NYSE:HWM)

Wright Investors Service Inc. purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,434 shares of the company’s stock, valued at approximately $1,907,000.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 1,336,592 shares during the period. State Street Corp raised its holdings in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the period. Geode Capital Management LLC lifted its position in 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 buying an additional 453,275 shares during the last quarter. Lone Pine Capital LLC purchased a new position in Howmet Aerospace during the second quarter worth about $284,539,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after acquiring an additional 114,457 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM stock opened at $114.84 on Tuesday. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 1.56 and a beta of 1.49. Howmet Aerospace Inc. has a fifty-two week low of $53.18 and a fifty-two week high of $120.71. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average price of $113.82 and a 200 day moving average price of $100.60.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. UBS Group boosted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Susquehanna boosted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.59.

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.