USA Financial Formulas Sells 945 Shares of Howmet Aerospace Inc. (NYSE:HWM)

USA Financial Formulas trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,544 shares of the company’s stock after selling 945 shares during the quarter. USA Financial Formulas’ holdings in Howmet Aerospace were worth $825,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the 3rd quarter worth $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace during the third quarter valued at about $30,000. ORG Partners LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $44,000. Assetmark Inc. lifted its stake in shares of Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares during the last quarter. Finally, Planning Capital Management Corp bought a new position in Howmet Aerospace during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $121.94 on Thursday. The company has a 50 day simple moving average of $114.16 and a two-hundred day simple moving average of $100.89. Howmet Aerospace Inc. has a fifty-two week low of $53.18 and a fifty-two week high of $124.15. The company has a market capitalization of $49.54 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 1.56 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.

Analyst Ratings Changes

Several analysts have weighed in on HWM shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Robert W. Baird increased their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America upped their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.