TD Waterhouse Canada Inc. Sells 124,010 Shares of Howmet Aerospace Inc. $HWM

Key Points

• TD Waterhouse Canada reduced its Howmet Aerospace position by 31.5%, selling 124,010 shares and retaining 269,850 shares valued at approximately $61.7 million. Institutional investors collectively own 90.46% of HWM.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $310.29 price target, although individual targets range from $255 to $340.
• Howmet reported quarterly EPS of $1.33 and revenue of $2.55 billion, exceeding estimates and representing 24.1% year-over-year revenue growth. The company also declared a quarterly dividend of $0.14 per share, yielding about 0.3%.

TD Waterhouse Canada Inc. decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 31.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,850 shares of the company's stock after selling 124,010 shares during the quarter. TD Waterhouse Canada Inc. owned 0.07% of Howmet Aerospace worth $61,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HWM. BlackRock Inc. purchased a new stake in Howmet Aerospace during the second quarter worth $12,318,939,000. State Street Corp grew its position in Howmet Aerospace by 3.3% during the second quarter. State Street Corp now owns 18,933,928 shares of the company's stock valued at $5,090,576,000 after buying an additional 612,866 shares during the period. Bank of America Corp DE purchased a new position in Howmet Aerospace in the second quarter valued at $2,766,806,000. Jupiter Topco LLC purchased a new position in Howmet Aerospace in the second quarter valued at $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new position in Howmet Aerospace in the second quarter valued at $1,099,765,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of several recent analyst reports. BTIG Research increased their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Wall Street Zen lowered Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 5th. Wells Fargo & Company cut their price target on Howmet Aerospace from $315.00 to $255.00 and set an "equal weight" rating for the company in a research note on Wednesday, September 30th. UBS Group upped their price target on Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Finally, Susquehanna increased their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $310.29.

Howmet Aerospace Price Performance

NYSE HWM traded up $1.21 during trading hours on Friday, hitting $220.91. 2,976,393 shares of the company's stock traded hands, compared to its average volume of 2,624,281. Howmet Aerospace Inc. has a 52-week low of $187.46 and a 52-week high of $310.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The company has a market capitalization of $88.39 billion, a PE ratio of 47.61, a PEG ratio of 1.98 and a beta of 1.21. The firm's 50-day moving average is $245.22 and its 200-day moving average is $256.84.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. Howmet Aerospace's quarterly revenue was up 24.1% compared to the same quarter last year. 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. Equities analysts forecast that Howmet Aerospace Inc. will post 5.34 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.07%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company's principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.