Cullen Investment Group LTD. Sells 150 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Cullen Investment Group LTD. decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,750 shares of the company’s stock after selling 150 shares during the period. Cullen Investment Group LTD.’s holdings in Howmet Aerospace were worth $1,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWM. Senator Investment Group LP grew its position in shares of Howmet Aerospace by 24.8% in the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after purchasing an additional 31,000 shares during the period. Terra Nova Asset Management LLC purchased a new position in Howmet Aerospace in the 3rd quarter valued at approximately $1,264,000. Stifel Financial Corp grew its position in shares of Howmet Aerospace by 12.1% during the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HWM shares. Robert W. Baird raised their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna raised their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Barclays increased their target price on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. UBS Group raised their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $115.59.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $114.84 on Tuesday. The company has a market capitalization of $46.66 billion, a P/E ratio of 43.83, a PEG ratio of 1.56 and a beta of 1.49. The stock has a 50 day moving average price of $113.82 and a two-hundred day moving average price of $100.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a fifty-two week low of $53.18 and a fifty-two week high of $120.71.

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.