Board of the Pension Protection Fund Buys New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Board of the Pension Protection Fund purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, Holdings Channel reports. The firm purchased 10,400 shares of the company’s stock, valued at approximately $1,137,000. Howmet Aerospace comprises approximately 1.3% of Board of the Pension Protection Fund’s portfolio, making the stock its 9th largest holding.

Other large investors also recently modified their holdings of the company. Lone Pine Capital LLC acquired a new position in Howmet Aerospace in the second quarter valued at approximately $284,539,000. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after buying an additional 1,336,592 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Howmet Aerospace by 1,168.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after buying an additional 1,070,049 shares during the last quarter. Renaissance Technologies LLC raised its stake in Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock worth $55,071,000 after acquiring an additional 548,800 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Howmet Aerospace by 695.6% in the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after acquiring an additional 487,880 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Robert W. Baird boosted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given 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

Shares of HWM opened at $119.14 on Wednesday. The firm has a market capitalization of $48.40 billion, a PE ratio of 45.47, a P/E/G ratio of 1.56 and a beta of 1.49. The stock’s 50 day moving average is $114.16 and its two-hundred day moving average is $100.89. Howmet Aerospace Inc. has a twelve month low of $53.18 and a twelve month high of $120.71. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

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.