TD Asset Management Inc Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

TD Asset Management Inc raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.2% in the 2nd quarter, Holdings Channel reports. The fund owned 159,007 shares of the company’s stock after acquiring an additional 3,443 shares during the period. TD Asset Management Inc’s holdings in Howmet Aerospace were worth $7,880,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Janney Capital Management LLC lifted its stake in shares of Howmet Aerospace by 2.0% in the 2nd quarter. Janney Capital Management LLC now owns 10,369 shares of the company’s stock worth $514,000 after acquiring an additional 206 shares during the period. New York Life Investment Management LLC lifted its stake in shares of Howmet Aerospace by 0.4% in the second quarter. New York Life Investment Management LLC now owns 53,304 shares of the company’s stock valued at $2,642,000 after purchasing an additional 233 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of Howmet Aerospace by 5.9% in the second quarter. Deseret Mutual Benefit Administrators now owns 4,222 shares of the company’s stock valued at $209,000 after purchasing an additional 235 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Howmet Aerospace by 2.5% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,363 shares of the company’s stock valued at $514,000 after purchasing an additional 248 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Howmet Aerospace by 26.4% in the second quarter. Parallel Advisors LLC now owns 1,293 shares of the company’s stock valued at $64,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HWM. Truist Financial reiterated a “hold” rating and issued a $47.00 price objective on shares of Howmet Aerospace in a research note on Friday, September 22nd. Benchmark restated a “buy” rating and set a $53.00 target price on shares of Howmet Aerospace in a report on Wednesday, August 2nd. Northcoast Research began coverage on shares of Howmet Aerospace in a report on Thursday, October 5th. They set a “neutral” rating for the company. Morgan Stanley raised their target price on shares of Howmet Aerospace from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $48.00 to $53.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.69.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $51.47 on Tuesday. Howmet Aerospace Inc. has a 1 year low of $36.66 and a 1 year high of $52.13. The firm has a 50 day moving average price of $46.56 and a 200 day moving average price of $47.20. The company has a market cap of $21.19 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.35 and a beta of 1.44. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 2.14.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 10th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, November 8th. Howmet Aerospace’s payout ratio is presently 13.16%.

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.