Contravisory Investment Management Inc. Sells 245 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Contravisory Investment Management Inc. cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,196 shares of the company’s stock after selling 245 shares during the period. Contravisory Investment Management Inc.’s holdings in Howmet Aerospace were worth $1,334,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sendero Wealth Management LLC increased its position in shares of Howmet Aerospace by 30.5% in the fourth quarter. Sendero Wealth Management LLC now owns 17,617 shares of the company’s stock worth $1,927,000 after purchasing an additional 4,119 shares during the period. Burney Co. increased its stake in Howmet Aerospace by 35.6% in the fourth quarter. Burney Co. now owns 21,090 shares of the company’s stock valued at $2,307,000 after acquiring an additional 5,541 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Howmet Aerospace by 293.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,030 shares of the company’s stock valued at $113,000 after purchasing an additional 768 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company’s stock worth $1,171,000 after purchasing an additional 6,433 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at $1,137,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HWM has been the subject of a number of research analyst reports. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Truist Financial increased their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $121.94 on Thursday. 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 company has a market cap of $49.54 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.49. The business has a 50 day moving average price of $114.16 and a 200-day moving average price of $100.89. Howmet Aerospace Inc. has a 52 week low of $53.18 and a 52 week high of $124.15.

Howmet Aerospace 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.