Howmet Aerospace Inc. $HWM Stock Holdings Reduced by Bank of Nova Scotia

Bank of Nova Scotia reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 21.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,141 shares of the company’s stock after selling 27,646 shares during the period. Bank of Nova Scotia’s holdings in Howmet Aerospace were worth $19,847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. Traub Capital Management LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in Howmet Aerospace during the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. lifted its stake in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Howmet Aerospace in the third quarter worth approximately $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,150 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the completion of the transaction, the executive vice president owned 107,008 shares of the company’s stock, valued at approximately $26,933,913.60. The trade was a 29.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total value of $260,000.00. Following the sale, the vice president owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. The trade was a 4.02% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HWM shares. Jefferies Financial Group restated a “buy” rating and set a $315.00 price target on shares of Howmet Aerospace in a research note on Sunday, February 15th. BTIG Research lifted their price objective on shares of Howmet Aerospace from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Bank of America upped their price objective on shares of Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Citigroup increased their target price on shares of Howmet Aerospace from $255.00 to $283.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley restated an “overweight” rating and set a $280.00 target price on shares of Howmet Aerospace in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $256.15.

Howmet Aerospace Trading Up 1.8%

NYSE:HWM opened at $240.94 on Tuesday. The company’s 50 day moving average is $233.84 and its 200-day moving average is $209.41. The company has a quick ratio of 1.09, a current ratio of 2.13 and a debt-to-equity ratio of 0.53. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $267.31. The firm has a market cap of $96.60 billion, a price-to-earnings ratio of 64.94, a P/E/G ratio of 2.19 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.08. Howmet Aerospace had a net margin of 18.27% and a return on equity of 30.41%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the firm earned $0.77 EPS. Howmet Aerospace’s quarterly revenue was up 14.6% compared to the same quarter last year. Howmet Aerospace has set its Q1 2026 guidance at 1.090-1.110 EPS and its FY 2026 guidance at 4.350-4.550 EPS. Equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, February 6th. Howmet Aerospace’s dividend payout ratio is 12.94%.

About Howmet Aerospace

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.