Cullen Investment Group LTD. Sells 150 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Cullen Investment Group LTD. decreased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,750 shares of the company’s stock after selling 150 shares during the quarter. Cullen Investment Group LTD.’s holdings in Howmet Aerospace were worth $1,394,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares in the last quarter. State Street Corp raised its holdings in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after acquiring an additional 453,275 shares during the period. Lone Pine Capital LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $284,539,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after buying an additional 114,457 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HWM has been the topic of several recent research reports. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.59.

Howmet Aerospace Stock Up 2.0 %

Shares of HWM opened at $114.84 on Tuesday. The company has a 50-day simple moving average of $113.82 and a 200-day simple moving average of $100.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 52 week low of $53.18 and a 52 week high of $120.71. The firm has a market capitalization of $46.66 billion, a P/E ratio of 43.83, a P/E/G ratio of 1.56 and a beta of 1.49.

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.