Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 51.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,673 shares of the company's stock after buying an additional 10,384 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Howmet Aerospace were worth $3,355,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace in the 3rd quarter valued at $26,000. Hollencrest Capital Management acquired a new position in shares of Howmet Aerospace in the third quarter worth about $30,000. Global Trust Asset Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth about $33,000. ORG Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $44,000. Finally, Assetmark Inc. increased 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 purchasing an additional 126 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on HWM shares. Truist Financial increased 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, January 14th. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on Howmet Aerospace from $106.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Bank of America raised their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $115.71.
Get Our Latest Analysis on Howmet Aerospace
HWM opened at $126.99 on Friday. Howmet Aerospace Inc. has a one year low of $55.00 and a one year high of $129.10. The business's 50 day moving average price is $116.07 and its 200 day moving average price is $103.17. The stock has a market capitalization of $51.59 billion, a PE ratio of 48.47, a P/E/G ratio of 1.43 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 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.
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