Everence Capital Management Inc. Takes $949,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Everence Capital Management Inc. acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,680 shares of the company’s stock, valued at approximately $949,000.

Several other large investors have also recently added to or reduced their stakes in the business. Caprock Group LLC boosted its position in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after acquiring an additional 106 shares during the period. Versant Capital Management Inc raised its stake in shares of Howmet Aerospace by 18.7% during the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after purchasing an additional 117 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after purchasing an additional 124 shares during the period. OneDigital Investment Advisors LLC increased its stake in Howmet Aerospace by 2.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after buying an additional 124 shares during the period. Finally, Assetmark Inc. raised its position 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 in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HWM shares. Robert W. Baird increased their price objective 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 increased their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research 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. Finally, Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment 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, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $112.76 on Friday. The company has a market cap of $45.81 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. The company’s fifty day moving average is $112.26 and its two-hundred day moving average is $99.01. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12-month low of $52.56 and a 12-month 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.