Janney Capital Management LLC Lowers Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Janney Capital Management LLC reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 18.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,309 shares of the company’s stock after selling 1,219 shares during the quarter. Janney Capital Management LLC’s holdings in Howmet Aerospace were worth $581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HWM. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace in the fourth quarter worth $33,000. Advisory Alpha LLC raised its position in shares of Howmet Aerospace by 10.7% in the 4th quarter. Advisory Alpha LLC now owns 2,802 shares of the company’s stock worth $306,000 after purchasing an additional 270 shares during the last quarter. XML Financial LLC bought a new position in Howmet Aerospace in the 4th quarter worth about $202,000. Nisa Investment Advisors LLC grew its position in Howmet Aerospace by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 33,522 shares of the company’s stock valued at $3,666,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Genesis Private Wealth LLC bought a new stake in Howmet Aerospace during the 4th quarter valued at about $249,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $126.68 on Thursday. Howmet Aerospace Inc. has a 12-month low of $55.00 and a 12-month high of $129.10. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 1.41 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $115.26 and its 200 day moving average is $102.51.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Truist Financial upped their price objective on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.