Contravisory Investment Management Inc. Sells 245 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Contravisory Investment Management Inc. trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,196 shares of the company’s stock after selling 245 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Howmet Aerospace were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth approximately $26,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace in the 3rd quarter worth about $30,000. Assetmark Inc. raised its stake in 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 acquiring an additional 126 shares during the period. ORG Partners LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $44,000. Finally, Planning Capital Management Corp bought a new position in Howmet Aerospace in the 3rd quarter worth approximately $51,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

HWM opened at $121.94 on Thursday. 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 Inc. has a 1 year low of $53.18 and a 1 year high of $124.15. The stock’s 50 day simple moving average is $114.16 and its 200 day simple moving average is $100.89. The firm has a market cap of $49.54 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 1.56 and a beta of 1.49.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Susquehanna increased their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Barclays increased their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial upped their target price on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America increased their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One research 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, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $115.71.

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.