Terra Nova Asset Management LLC Has $1.40 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Terra Nova Asset Management LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,752 shares of the company’s stock after buying an additional 140 shares during the period. Terra Nova Asset Management LLC’s holdings in Howmet Aerospace were worth $1,395,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Renaissance Investment Group LLC raised its position in shares of Howmet Aerospace by 188.5% during the 4th quarter. Renaissance Investment Group LLC now owns 55,191 shares of the company’s stock valued at $6,036,000 after acquiring an additional 36,063 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Howmet Aerospace by 3.6% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,705 shares of the company’s stock worth $515,000 after purchasing an additional 164 shares during the period. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at about $289,000. HB Wealth Management LLC lifted its stake in Howmet Aerospace by 24.6% in the fourth quarter. HB Wealth Management LLC now owns 4,860 shares of the company’s stock valued at $532,000 after buying an additional 958 shares during the period. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Howmet Aerospace during the fourth quarter worth about $209,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 2.0 %

Shares of NYSE:HWM opened at $125.38 on Monday. The company’s 50-day moving average price is $114.78 and its two-hundred day moving average price is $101.69. Howmet Aerospace Inc. has a one year low of $53.80 and a one 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. The stock has a market capitalization 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HWM shares. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial lifted their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. UBS Group upped their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

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.