Versant Capital Management Inc Acquires 117 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Versant Capital Management Inc increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 18.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 744 shares of the company’s stock after purchasing an additional 117 shares during the period. Versant Capital Management Inc’s holdings in Howmet Aerospace were worth $81,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the third quarter worth approximately $26,000. Hollencrest Capital Management acquired a new position in Howmet Aerospace during the 3rd quarter valued at $30,000. LGT Financial Advisors LLC boosted its holdings in Howmet Aerospace by 278.7% in the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after purchasing an additional 262 shares during the period. Rothschild Investment LLC acquired a new stake in Howmet Aerospace in the 2nd quarter worth $32,000. Finally, Assetmark Inc. increased its holdings 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 purchasing an additional 126 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $112.76 on Friday. The stock has a market capitalization 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 has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 1 year low of $52.56 and a 1 year high of $120.71. The firm has a 50 day moving average of $112.26 and a 200-day moving average of $99.01.

Analysts Set New Price Targets

Several research firms recently weighed in on HWM. UBS Group increased their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Truist Financial raised their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays boosted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One equities research 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. Based on data from MarketBeat, Howmet Aerospace currently 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.