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

Settian Capital LP grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 40.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the company's stock after acquiring an additional 4,000 shares during the quarter. Howmet Aerospace comprises approximately 1.1% of Settian Capital LP's investment portfolio, making the stock its 24th largest holding. Settian Capital LP's holdings in Howmet Aerospace were worth $1,531,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Howmet Aerospace by 8.2% during 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 period. AustralianSuper Pty Ltd raised its stake in shares of Howmet Aerospace by 1,000.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after purchasing an additional 845,941 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $61,740,000. Geode Capital Management LLC boosted 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 valued at $949,382,000 after buying an additional 453,275 shares during the last quarter. Finally, State Street Corp increased its holdings in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after buying an additional 384,171 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Howmet Aerospace Price Performance

NYSE:HWM traded up $5.38 during trading hours on Monday, reaching $136.23. 2,406,597 shares of the company were exchanged, compared to its average volume of 2,634,947. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $55.18 billion, a PE ratio of 48.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The stock's 50-day moving average is $128.52 and its 200-day moving average is $114.90.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

Wall Street Analyst Weigh In

Several brokerages have commented on HWM. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Barclays boosted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial reiterated a "buy" rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.