TD Asset Management Inc. Has $367.97 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

TD Asset Management Inc. trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,364,467 shares of the company’s stock after selling 49,162 shares during the period. TD Asset Management Inc. owned 0.83% of Howmet Aerospace worth $367,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. bought a new position in Howmet Aerospace in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $33,000. Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $34,000. Finally, ORG Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $44,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Truist Financial reissued a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Up 4.1 %

HWM opened at $136.23 on Tuesday. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The firm has a market capitalization of $55.18 billion, a P/E ratio of 48.31, a PEG ratio of 1.92 and a beta of 1.54. The company’s 50-day moving average is $128.52 and its 200 day moving average is $114.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

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

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. This is a positive change 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 14.18%.

Howmet Aerospace Profile

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.