TD Waterhouse Canada Inc. Sells 6,012 Shares of Howmet Aerospace Inc. $HWM

TD Waterhouse Canada Inc. decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 12.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,713 shares of the company’s stock after selling 6,012 shares during the period. TD Waterhouse Canada Inc.’s holdings in Howmet Aerospace were worth $7,525,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 21.1% during the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock worth $3,171,970,000 after acquiring an additional 4,252,401 shares during the last quarter. Nuveen LLC bought a new stake in shares of Howmet Aerospace in the first quarter valued at approximately $366,209,000. Westfield Capital Management Co. LP purchased a new stake in shares of Howmet Aerospace during the 1st quarter valued at approximately $147,251,000. Nordea Investment Management AB boosted its holdings in Howmet Aerospace by 1,340.2% in the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after buying an additional 819,040 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Howmet Aerospace by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock valued at $271,781,000 after buying an additional 771,271 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 0.4%

HWM stock opened at $202.00 on Thursday. The company’s 50 day moving average is $195.93 and its 200 day moving average is $182.25. The stock has a market cap of $81.21 billion, a price-to-earnings ratio of 59.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. Howmet Aerospace’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HWM shares. TD Cowen increased their target price on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. BNP Paribas raised Howmet Aerospace to a “strong-buy” rating in a report on Tuesday. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $216.93.

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.