Assenagon Asset Management S.A. Reduces Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Assenagon Asset Management S.A. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 43.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 317,967 shares of the company’s stock after selling 240,050 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Howmet Aerospace were worth $34,776,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new position in Howmet Aerospace during the third quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $30,000. Assetmark Inc. increased its stake in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $44,000. Finally, Planning Capital Management Corp purchased a new stake in Howmet Aerospace in the 3rd quarter valued at approximately $51,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 1.0 %

Shares of NYSE HWM opened at $123.04 on Friday. The stock has a market capitalization of $49.98 billion, a PE ratio of 46.96, a P/E/G ratio of 1.27 and a beta of 1.49. 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 firm has a fifty day moving average of $114.31 and a 200-day moving average of $101.04. Howmet Aerospace Inc. has a 52-week low of $53.18 and a 52-week high of $124.15.

Analysts Set New Price Targets

Several research firms have weighed in on HWM. Truist Financial raised their price target on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group lifted their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Susquehanna boosted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace 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.