TD Asset Management Inc. Sells 49,162 Shares of Howmet Aerospace Inc. (NYSE:HWM)

TD Asset Management Inc. reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,364,467 shares of the company’s stock after selling 49,162 shares during the period. TD Asset Management Inc.’s holdings in Howmet Aerospace were worth $367,972,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWM. Stifel Financial Corp lifted its stake in Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares during the last quarter. Vista Investment Partners LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at $531,000. Genesis Private Wealth LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at $249,000. Ameritas Advisory Services LLC bought a new position in shares of Howmet Aerospace during the 4th quarter worth $289,000. Finally, Geneos Wealth Management Inc. increased its holdings in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock worth $1,199,000 after acquiring an additional 8,241 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

NYSE HWM opened at $136.23 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a fifty day moving average of $128.52 and a 200-day moving average of $114.90. The company has a market capitalization of $55.18 billion, a P/E ratio of 48.31, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

About Howmet Aerospace

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.