Howmet Aerospace Inc. $HWM Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.6% in the 1st quarter, Holdings Channel reports. The firm owned 205,538 shares of the company’s stock after selling 19,413 shares during the period. Bank of Nova Scotia’s holdings in Howmet Aerospace were worth $47,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HWM. Sei Investments Co. raised its stake in Howmet Aerospace by 3.0% during the first quarter. Sei Investments Co. now owns 749,623 shares of the company’s stock worth $172,756,000 after purchasing an additional 21,766 shares during the period. Cetera Investment Advisers grew its stake in shares of Howmet Aerospace by 10.4% in the first quarter. Cetera Investment Advisers now owns 125,572 shares of the company’s stock worth $28,939,000 after acquiring an additional 11,872 shares in the last quarter. Signature Equity Partners LLC increased its holdings in Howmet Aerospace by 26.1% during the 1st quarter. Signature Equity Partners LLC now owns 1,129 shares of the company’s stock worth $260,000 after purchasing an additional 234 shares during the period. CI Investments Inc. raised its holdings in Howmet Aerospace by 881.9% in the first quarter. CI Investments Inc. now owns 216,816 shares of the company’s stock valued at $49,967,000 after acquiring an additional 194,735 shares in the last quarter. Finally, Marin Bay Wealth Advisors LLC lifted its position in shares of Howmet Aerospace by 9.4% during the 1st quarter. Marin Bay Wealth Advisors LLC now owns 1,126 shares of the company’s stock worth $259,000 after purchasing an additional 97 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research analyst reports. Morgan Stanley reissued an “overweight” rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research note on Friday, May 8th. TD Cowen lifted their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a report on Monday, July 13th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $318.00 price target on shares of Howmet Aerospace in a report on Tuesday, June 16th. Finally, BNP Paribas Exane reiterated an “outperform” rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $293.21.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the completion of the sale, the executive vice president directly owned 65,105 shares in the company, valued at approximately $17,545,797.50. This trade represents a 39.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.85% of the company’s stock.

Howmet Aerospace Trading Up 0.7%

Shares of NYSE HWM opened at $289.09 on Friday. Howmet Aerospace Inc. has a 52-week low of $169.45 and a 52-week high of $293.00. The stock’s 50 day moving average price is $267.50 and its two-hundred day moving average price is $249.26. The company has a quick ratio of 1.59, a current ratio of 2.44 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $115.67 billion, a P/E ratio of 67.07, a PEG ratio of 2.25 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the business posted $0.86 EPS. Howmet Aerospace’s revenue was up 19.1% on a year-over-year basis. Howmet Aerospace has set its FY 2026 guidance at 4.880-5.000 EPS and its Q2 2026 guidance at 1.220-1.240 EPS. On average, analysts anticipate that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Howmet Aerospace Profile

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.