GAMMA Investing LLC Has $917,000 Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

GAMMA Investing LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,384 shares of the company’s stock after acquiring an additional 1,170 shares during the quarter. GAMMA Investing LLC’s holdings in Howmet Aerospace were worth $917,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HWM. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp lifted its position in Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after buying an additional 384,171 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after buying an additional 453,275 shares during the last quarter. Lone Pine Capital LLC bought a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $284,539,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after acquiring an additional 114,457 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 1.8 %

Shares of HWM opened at $112.76 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 $52.56 and a 52-week high of $120.71. The firm has a market cap of $45.81 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 1.56 and a beta of 1.48. The business’s fifty day moving average is $112.26 and its 200-day moving average is $99.01.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HWM. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. 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 report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $115.59.

About Howmet Aerospace

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.