Settian Capital LP Invests $1 Million in Howmet Aerospace Inc. (NYSE:HWM)

Settian Capital LP bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $1,002,000. Howmet Aerospace comprises about 0.7% of Settian Capital LP’s holdings, making the stock its 26th largest position.

Several other institutional investors have also bought and sold shares of the stock. Brooklyn Investment Group bought a new position in shares of Howmet Aerospace during the third quarter valued at about $158,000. Dai ichi Life Insurance Company Ltd increased its stake in Howmet Aerospace by 54.5% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 13,823 shares of the company’s stock valued at $1,386,000 after buying an additional 4,874 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Howmet Aerospace by 4.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 245,943 shares of the company’s stock worth $24,656,000 after buying an additional 10,158 shares in the last quarter. DRW Securities LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter worth approximately $603,000. Finally, Independent Advisor Alliance bought a new position in shares of Howmet Aerospace in the third quarter valued at approximately $2,342,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $116.41 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $51.47 and a 52-week high of $119.28. The business’s fifty day moving average is $105.03 and its 200 day moving average is $92.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a market cap of $47.29 billion, a price-to-earnings ratio of 44.21, a PEG ratio of 1.59 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Susquehanna boosted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

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.