TD Waterhouse Canada Inc. Raises Stake in Howmet Aerospace Inc. $HWM

TD Waterhouse Canada Inc. grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 56.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 66,945 shares of the company’s stock after buying an additional 24,232 shares during the period. TD Waterhouse Canada Inc.’s holdings in Howmet Aerospace were worth $13,060,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HWM. Traub Capital Management LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace in the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. raised its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Howmet Aerospace during the second quarter worth $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Susquehanna reissued a “positive” rating and issued a $255.00 price objective on shares of Howmet Aerospace in a research note on Thursday, January 15th. TD Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a report on Friday, January 9th. BNP Paribas Exane began coverage on Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective on the stock. Finally, UBS Group boosted their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Trading Down 0.9%

Shares of HWM opened at $208.96 on Friday. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $226.87. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $84.01 billion, a P/E ratio of 58.70, a PEG ratio of 2.00 and a beta of 1.29. The firm’s 50-day moving average is $207.40 and its two-hundred day moving average is $195.21.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is currently 13.48%.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.