Czech National Bank Purchases 4,943 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Czech National Bank increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,086 shares of the company’s stock after purchasing an additional 4,943 shares during the quarter. Czech National Bank’s holdings in Howmet Aerospace were worth $9,634,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HWM. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $26,000. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter worth $30,000. Assetmark Inc. boosted its position in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the period. ORG Partners LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at $44,000. Finally, Planning Capital Management Corp bought a new position in shares of Howmet Aerospace in the third quarter valued at about $51,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $114.84 on Tuesday. The company has a 50 day moving average of $113.82 and a 200-day moving average of $100.60. The company has a market cap of $46.66 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 1-year low of $53.18 and a 1-year high of $120.71.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HWM shares. Susquehanna lifted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Robert W. Baird boosted 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. Barclays increased their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

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.