XML Financial LLC Makes New $202,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

XML Financial LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,844 shares of the company’s stock, valued at approximately $202,000.

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

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial boosted their target price on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. 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, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Trading Up 0.8 %

Shares of NYSE:HWM opened at $127.72 on Friday. The company has a market capitalization of $51.89 billion, a PE ratio of 48.75, a PEG ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a 12-month low of $55.00 and a 12-month high of $129.10. The business has a 50 day moving average of $115.48 and a two-hundred day moving average of $102.68. 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 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.