Renaissance Investment Group LLC Acquires 36,063 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Renaissance Investment Group LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 188.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,191 shares of the company’s stock after purchasing an additional 36,063 shares during the quarter. Renaissance Investment Group LLC’s holdings in Howmet Aerospace were worth $6,036,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HWM. Bank of America boosted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein increased their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Trading Up 2.0 %

Shares of Howmet Aerospace stock opened at $125.38 on Friday. The stock has a market cap of $50.94 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The firm has a fifty day moving average price of $114.78 and a 200 day moving average price of $101.52. Howmet Aerospace Inc. has a 1 year low of $53.80 and a 1 year high of $126.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

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.