TD Waterhouse Canada Inc. Buys 863 Shares of Howmet Aerospace Inc. (NYSE:HWM)

TD Waterhouse Canada Inc. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,313 shares of the company’s stock after buying an additional 863 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Howmet Aerospace were worth $4,519,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HWM. Vanguard Group Inc. boosted its stake in shares of Howmet Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after purchasing an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. increased its position in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Geode Capital Management LLC lifted its holdings in Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock worth $1,070,267,000 after buying an additional 308,574 shares during the period. Norges Bank bought a new position in shares of Howmet Aerospace during the fourth quarter worth about $1,001,558,000. Finally, Boston Partners raised its position in shares of Howmet Aerospace by 6.4% during the fourth quarter. Boston Partners now owns 5,460,744 shares of the company’s stock worth $597,460,000 after acquiring an additional 326,719 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HWM has been the topic of a number of analyst reports. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company reissued an “equal weight” rating and issued a $118.00 price target (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Benchmark lifted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $125.06.

Howmet Aerospace Stock Performance

HWM stock opened at $124.39 on Wednesday. The firm has a market cap of $50.38 billion, a PE ratio of 44.11, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $128.16 and a 200-day moving average of $119.15. Howmet Aerospace Inc. has a 12-month low of $62.83 and a 12-month high of $140.55.

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

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s payout ratio is presently 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.