MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Grows Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 30.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 299,377 shares of the company’s stock after acquiring an additional 70,313 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.07% of Howmet Aerospace worth $33,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the third quarter valued at $30,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $33,000. Assetmark Inc. raised its stake in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after acquiring an additional 126 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth about $44,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HWM shares. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Sanford C. Bernstein raised their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $127.72 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The company has a market capitalization of $51.89 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49. The firm’s 50-day moving average is $115.77 and its two-hundred day moving average is $102.85. Howmet Aerospace Inc. has a 12 month low of $55.00 and a 12 month 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.