Covea Finance Has $36.14 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Covea Finance reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,470 shares of the company’s stock after selling 42,780 shares during the quarter. Howmet Aerospace comprises 1.6% of Covea Finance’s holdings, making the stock its 18th largest holding. Covea Finance owned about 0.08% of Howmet Aerospace worth $36,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Senator Investment Group LP boosted its position in Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after acquiring an additional 31,000 shares during the last quarter. Terra Nova Asset Management LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $1,264,000. Stifel Financial Corp grew its position in shares of Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares during the period. Wealthspire Advisors LLC bought a new position in Howmet Aerospace during the second quarter worth $209,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock valued at $206,000 after purchasing an additional 1,900 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HWM shares. Sanford C. Bernstein raised their target price on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased 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. Bank of America upped their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Barclays raised their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.71.

Howmet Aerospace Price Performance

NYSE:HWM opened at $119.14 on Wednesday. Howmet Aerospace Inc. has a 52-week low of $53.18 and a 52-week high of $120.71. The stock has a fifty day moving average of $114.16 and a 200 day moving average of $100.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a market capitalization of $48.40 billion, a price-to-earnings ratio of 45.47, a P/E/G ratio of 1.56 and a beta of 1.49.

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.