Hennion & Walsh Asset Management Inc. Sells 13,054 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 50.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,825 shares of the company’s stock after selling 13,054 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Howmet Aerospace were worth $1,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace in the 3rd quarter valued at about $26,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Assetmark Inc. boosted its stake in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after buying an additional 126 shares during the period. ORG Partners LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $44,000. Finally, Planning Capital Management Corp bought a new stake in Howmet Aerospace during the third quarter valued at approximately $51,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased 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. Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial increased their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, UBS Group increased their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research 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, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Trading Up 2.0 %

Shares of NYSE HWM opened at $125.38 on Friday. Howmet Aerospace Inc. has a 52 week low of $53.80 and a 52 week high of $126.26. The business has a 50 day simple moving average of $114.78 and a 200 day simple moving average of $101.52. The stock has a market cap of $50.94 billion, a price-to-earnings ratio of 47.86, a PEG ratio of 1.27 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.

About Howmet Aerospace

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.