TD Waterhouse Canada Inc. Has $105.39 Million Position in Howmet Aerospace Inc. $HWM

TD Waterhouse Canada Inc. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.0% in the second quarter, Holdings Channel reports. The fund owned 393,860 shares of the company’s stock after acquiring an additional 3,710 shares during the period. TD Waterhouse Canada Inc.’s holdings in Howmet Aerospace were worth $105,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its holdings in shares of Howmet Aerospace by 119.7% in the 2nd 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. Acumen Wealth Advisors LLC bought a new position in Howmet Aerospace during the 4th quarter valued at about $25,000. West Paces Advisors Inc. bought a new position in Howmet Aerospace during the 2nd quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at about $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 3.0%

Shares of NYSE:HWM opened at $260.50 on Friday. The company has a 50 day moving average of $275.61 and a 200-day moving average of $261.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. Howmet Aerospace Inc. has a one year low of $173.38 and a one year high of $310.00. The stock has a market cap of $104.23 billion, a price-to-earnings ratio of 56.14, a P/E/G ratio of 2.28 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a dividend of $0.14 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 7th. Howmet Aerospace’s dividend payout ratio is presently 12.07%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. TD Cowen upped their price objective on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. BTIG Research boosted their target price on Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and set a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $316.22.

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.