Sendero Wealth Management LLC Has $1.93 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Sendero Wealth Management LLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 30.5% in the 4th quarter, Holdings Channel reports. The fund owned 17,617 shares of the company’s stock after purchasing an additional 4,119 shares during the quarter. Sendero Wealth Management LLC’s holdings in Howmet Aerospace were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HWM. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp increased its holdings in shares of 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 purchasing an additional 384,171 shares during the period. Geode Capital Management LLC raised its position in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after buying an additional 453,275 shares during the last quarter. Lone Pine Capital LLC bought a new stake in shares of Howmet Aerospace in the second quarter valued at about $284,539,000. Finally, Charles Schwab Investment Management Inc. grew its position in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after buying an additional 114,457 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 2.3 %

Shares of HWM opened at $121.94 on Thursday. The company has a market capitalization of $49.54 billion, a P/E ratio of 46.54, a PEG ratio of 1.56 and a beta of 1.49. Howmet Aerospace Inc. has a one year low of $53.18 and a one year high of $124.15. The business’s 50 day simple moving average is $114.16 and its 200-day simple moving average is $100.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Truist Financial lifted their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.71.

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.