Bank of Nova Scotia Lowers Stock Position in Howmet Aerospace Inc. $HWM

Bank of Nova Scotia trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 128,787 shares of the company’s stock after selling 6,224 shares during the quarter. Bank of Nova Scotia’s holdings in Howmet Aerospace were worth $23,971,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Traub Capital Management LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at $25,000. Winnow Wealth LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth $25,000. Atlantic Union Bankshares Corp bought a new stake in Howmet Aerospace during the second quarter valued at about $32,000. Penserra Capital Management LLC grew its stake in Howmet Aerospace by 450.0% in the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Finally, Interchange Capital Partners LLC bought a new position in Howmet Aerospace in the second quarter worth about $39,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $191.48 on Wednesday. The firm’s fifty day moving average is $198.18 and its two-hundred day moving average is $186.15. The firm has a market cap of $76.98 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 2.22 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $211.95.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, November 7th. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HWM shares. The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Truist Financial raised their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BNP Paribas Exane began coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target on the stock. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Susquehanna set a $235.00 target price on Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.93.

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.