Ameritas Advisory Services LLC Takes $289,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Ameritas Advisory Services LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, Holdings Channel reports. The fund bought 2,643 shares of the company’s stock, valued at approximately $289,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. UBS Group raised 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, Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Price Performance

Shares of HWM opened at $127.72 on Friday. The firm has a market capitalization of $51.89 billion, a price-to-earnings ratio of 48.75, a PEG ratio of 1.43 and a beta of 1.49. The firm’s fifty day simple moving average is $115.48 and its 200-day simple moving average is $102.68. Howmet Aerospace Inc. has a twelve month low of $55.00 and a twelve month high of $129.10. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

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.