Settian Capital LP Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Settian Capital LP lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Howmet Aerospace comprises approximately 1.1% of Settian Capital LP’s portfolio, making the stock its 24th largest position. Settian Capital LP’s holdings in Howmet Aerospace were worth $1,531,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC lifted its position in Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after acquiring an additional 124 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Howmet Aerospace by 2.7% in the third quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company’s stock valued at $5,039,000 after acquiring an additional 1,343 shares during the last quarter. Quest Partners LLC lifted its position in Howmet Aerospace by 94.9% in the third quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock valued at $141,000 after acquiring an additional 684 shares during the last quarter. Pathstone Holdings LLC lifted its position in Howmet Aerospace by 4.2% in the third quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock valued at $4,860,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Caprock Group LLC lifted its position in Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 3.0 %

Shares of Howmet Aerospace stock opened at $132.08 on Thursday. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company’s 50-day simple moving average is $127.40 and its 200-day simple moving average is $113.96. The firm has a market cap of $53.50 billion, a price-to-earnings ratio of 46.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HWM. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

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.