Nordea Investment Management AB Cuts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Nordea Investment Management AB reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 67,385 shares of the company’s stock after selling 5,200 shares during the quarter. Nordea Investment Management AB’s holdings in Howmet Aerospace were worth $7,399,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HWM. JPMorgan Chase & Co. lifted its position in Howmet Aerospace by 8.2% in the third 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 period. State Street Corp grew its holdings in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after acquiring an additional 384,171 shares during the period. Geode Capital Management LLC raised its position in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in Howmet Aerospace in the second quarter valued at $284,539,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HWM. Deutsche Bank Aktiengesellschaft boosted 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. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Barclays lifted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Bank of America lifted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, KeyCorp cut Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace Price Performance

HWM opened at $115.02 on Friday. The company has a 50 day moving average of $113.27 and a two-hundred day moving average of $99.81. Howmet Aerospace Inc. has a 52-week low of $53.18 and a 52-week high of $120.71. 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 company has a market cap of $46.73 billion, a P/E ratio of 43.90, a P/E/G ratio of 1.56 and a beta of 1.49.

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.