Terra Nova Asset Management LLC Has $1.40 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Terra Nova Asset Management LLC lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 12,752 shares of the company’s stock after purchasing an additional 140 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Howmet Aerospace were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $26,000. Hollencrest Capital Management acquired a new stake in Howmet Aerospace during the 3rd quarter valued at $30,000. Assetmark Inc. boosted its position in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after purchasing an additional 126 shares during the period. ORG Partners LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at $44,000. Finally, Planning Capital Management Corp bought a new position in shares of Howmet Aerospace in the third quarter valued at about $51,000. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on HWM. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted 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. Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Truist Financial upped their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $125.38 on Monday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $50.94 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. Howmet Aerospace Inc. has a twelve month low of $53.80 and a twelve month high of $126.26. The stock’s 50-day simple moving average is $114.78 and its 200 day simple moving average is $101.69.

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.