ORG Wealth Partners LLC Sells 471 Shares of Howmet Aerospace Inc. (NYSE:HWM)

ORG Wealth Partners LLC lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 773 shares of the company’s stock after selling 471 shares during the quarter. ORG Wealth Partners LLC’s holdings in Howmet Aerospace were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lone Pine Capital LLC bought a new stake in Howmet Aerospace in the second quarter worth $284,539,000. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Howmet Aerospace by 1,168.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock worth $90,175,000 after purchasing an additional 1,070,049 shares during the period. Renaissance Technologies LLC grew its holdings in Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock valued at $55,071,000 after purchasing an additional 548,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after purchasing an additional 487,880 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 2.0 %

NYSE:HWM opened at $112.70 on Friday. Howmet Aerospace Inc. has a 52 week low of $53.18 and a 52 week high of $120.71. The firm has a 50 day moving average of $113.52 and a 200 day moving average of $100.05. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 1.56 and a beta of 1.49.

Analysts Set New Price Targets

Several research analysts have issued reports on HWM shares. KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Truist Financial increased their target price on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America raised their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.