Folger Nolan Fleming Douglas Capital Management Inc. Invests $209,000 in Howmet Aerospace Inc. (NYSE:HWM)

Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,911 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HWM. Envestnet Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 402,111 shares of the company’s stock worth $31,216,000 after buying an additional 15,167 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Howmet Aerospace by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock valued at $163,218,000 after acquiring an additional 56,614 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Howmet Aerospace by 9.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,859 shares of the company’s stock worth $2,142,000 after acquiring an additional 2,600 shares during the period. Seven Eight Capital LP bought a new position in Howmet Aerospace during the 2nd quarter worth about $815,000. Finally, XTX Topco Ltd purchased a new position in Howmet Aerospace during the 2nd quarter valued at about $1,880,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 2.0 %

Shares of HWM stock opened at $125.38 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $53.80 and a fifty-two week high of $126.26. The firm has a market capitalization of $50.94 billion, a PE ratio of 47.86, a P/E/G ratio of 1.27 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock’s 50-day simple moving average is $114.54 and its 200-day simple moving average is $101.19.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Truist Financial raised their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Susquehanna raised their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.