Bank of Nova Scotia Invests $27.55 Million in Howmet Aerospace Inc. $HWM

Bank of Nova Scotia acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 102,466 shares of the company's stock, valued at approximately $27,549,000.

A number of other large investors have also added to or reduced their stakes in HWM. MUFG Securities EMEA plc raised its position in shares of Howmet Aerospace by 752.6% during the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company's stock worth $13,487,000 after acquiring an additional 58,067 shares during the last quarter. M&T Bank Corp boosted its holdings in Howmet Aerospace by 75.0% in the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company's stock valued at $8,810,000 after acquiring an additional 18,417 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Howmet Aerospace by 57.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company's stock valued at $2,909,000 after purchasing an additional 5,181 shares during the period. Bearing Point Capital LLC increased its position in Howmet Aerospace by 9.5% during the 4th quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock valued at $11,198,000 after purchasing an additional 4,757 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in Howmet Aerospace by 95.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock worth $5,609,000 after purchasing an additional 11,878 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM opened at $271.58 on Monday. The stock has a 50 day moving average of $278.62 and a 200 day moving average of $258.98. The company has a market capitalization of $108.66 billion, a price-to-earnings ratio of 58.53, a PEG ratio of 1.94 and a beta of 1.20. Howmet Aerospace Inc. has a 12 month low of $170.24 and a 12 month high of $310.00. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business's revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. 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. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein restated an "outperform" rating and issued a $318.00 price target on shares of Howmet Aerospace in a research report on Tuesday, June 16th. Jefferies Financial Group reiterated a "buy" rating and set a $370.00 price objective on shares of Howmet Aerospace in a research report on Sunday, August 9th. Wall Street Zen lowered shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. BTIG Research upped their price target on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Finally, Susquehanna increased their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $315.67.

About Howmet Aerospace

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.

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