This morning we watched Howmet Aerospace rise 1.2% to a price of $54.21 per share. The large-cap Metal Fabrication company is now trading -10.56% below its average target price of $60.61. Analysts have set target prices ranging from $52.0 to $74.0 per share for Howmet Aerospace, and have given the stock an average rating of buy.
Howmet Aerospace's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 1.64. The company's insiders own 1.12% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 91.0%. In conclusion, we believe there is positive market sentiment regarding Howmet Aerospace.
Institutions Invested in Howmet Aerospace
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 11% | 43,972,700 | $2,383,760,026 |
| 2023-09-30 | Blackrock Inc. | 9% | 37,522,970 | $2,034,120,169 |
| 2023-09-30 | Massachusetts Financial Services Co. | 6% | 23,507,379 | $1,274,334,994 |
| 2023-09-30 | Janus Henderson Group PLC | 5% | 18,827,282 | $1,020,626,939 |
| 2023-09-30 | State Street Corporation | 4% | 16,620,480 | $900,996,205 |
| 2023-09-30 | Boston Partners | 4% | 16,007,374 | $867,759,729 |
| 2023-09-30 | FMR, LLC | 4% | 15,086,149 | $817,820,123 |
| 2023-09-30 | JP Morgan Chase & Company | 3% | 13,239,071 | $717,690,026 |
| 2023-09-30 | Invesco Ltd. | 2% | 9,107,293 | $493,706,345 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 8,334,821 | $451,830,638 |
