Atomi Financial Group Inc. Buys 1,061 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Atomi Financial Group Inc. increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,597 shares of the company’s stock after buying an additional 1,061 shares during the quarter. Atomi Financial Group Inc.’s holdings in Howmet Aerospace were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HWM. AE Wealth Management LLC bought a new stake in Howmet Aerospace in the second quarter worth $265,000. Public Sector Pension Investment Board lifted its position in Howmet Aerospace by 67.8% in the second quarter. Public Sector Pension Investment Board now owns 14,955 shares of the company’s stock worth $1,161,000 after buying an additional 6,045 shares during the last quarter. Bank of Montreal Can lifted its position in Howmet Aerospace by 25.8% in the second quarter. Bank of Montreal Can now owns 572,029 shares of the company’s stock worth $45,848,000 after buying an additional 117,437 shares during the last quarter. Xponance Inc. lifted its position in shares of Howmet Aerospace by 5.0% during the second quarter. Xponance Inc. now owns 54,774 shares of the company’s stock worth $4,252,000 after purchasing an additional 2,588 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Howmet Aerospace during the second quarter worth $18,922,000. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price 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 lifted their target price on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Sanford C. Bernstein lifted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Susquehanna lifted their price objective on 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 issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Price Performance

HWM opened at $127.72 on Friday. The business’s 50-day moving average is $115.48 and its two-hundred day moving average is $102.68. Howmet Aerospace Inc. has a 1 year low of $55.00 and a 1 year high of $129.10. 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 firm has a market capitalization of $51.89 billion, a PE ratio of 48.75, a price-to-earnings-growth ratio of 1.43 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.