Fifth Third Wealth Advisors LLC Cuts Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Fifth Third Wealth Advisors LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,614 shares of the company’s stock after selling 257 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $505,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. RiverPark Advisors LLC purchased a new stake in Howmet Aerospace in the 3rd quarter valued at about $26,000. Hollencrest Capital Management bought a new position in shares of Howmet Aerospace in the third quarter valued at approximately $30,000. Assetmark Inc. increased its position in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares during the last quarter. ORG Partners LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $44,000. Finally, Planning Capital Management Corp bought a new stake in Howmet Aerospace during the third quarter worth $51,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 1.0 %

Shares of HWM opened at $123.04 on Friday. The business’s 50-day moving average price is $114.31 and its 200-day moving average price is $101.04. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a twelve month low of $53.18 and a twelve month high of $124.15. The stock has a market cap of $49.98 billion, a PE ratio of 46.96, a P/E/G ratio of 1.27 and a beta of 1.49.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HWM shares. Truist Financial upped their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America increased their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Sanford C. Bernstein increased their target price 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. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average 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.