Berbice Capital Management LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Berbice Capital Management LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,000 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of HWM. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $33,000. Assetmark Inc. lifted its stake in shares of Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $44,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.2 %

Shares of NYSE HWM opened at $127.45 on Friday. 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 52-week low of $55.00 and a 52-week high of $129.10. The firm has a 50 day moving average price of $115.77 and a two-hundred day moving average price of $102.85. The stock has a market cap of $51.78 billion, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49.

Wall Street Analyst Weigh In

Several analysts have weighed in on HWM shares. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Sanford C. Bernstein lifted their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Finally, KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

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.