SG Americas Securities LLC Raises Holdings in Howmet Aerospace Inc. (NYSE:HWM)

SG Americas Securities LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 198,840 shares of the company’s stock after acquiring an additional 5,236 shares during the period. SG Americas Securities LLC’s holdings in Howmet Aerospace were worth $21,747,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $33,000. Advisory Alpha LLC lifted its holdings in Howmet Aerospace by 10.7% during the 4th quarter. Advisory Alpha LLC now owns 2,802 shares of the company’s stock worth $306,000 after buying an additional 270 shares in the last quarter. XML Financial LLC purchased a new position in Howmet Aerospace in the 4th quarter valued at approximately $202,000. Nisa Investment Advisors LLC grew its stake in shares of Howmet Aerospace by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 33,522 shares of the company’s stock worth $3,666,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Genesis Private Wealth LLC purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth $249,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HWM. Royal Bank of Canada lifted 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. Susquehanna boosted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial lifted their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Barclays increased their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Down 0.4 %

Howmet Aerospace stock opened at $126.68 on Thursday. The stock has a 50-day simple moving average of $115.26 and a 200-day simple moving average of $102.51. The company has a market capitalization of $51.46 billion, a P/E ratio of 48.35, a PEG 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 Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $129.10.

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.