Congress Asset Management Co. Has $167.08 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Congress Asset Management Co. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,287,898 shares of the company's stock after acquiring an additional 5,761 shares during the period. Howmet Aerospace comprises approximately 1.2% of Congress Asset Management Co.'s holdings, making the stock its 11th largest holding. Congress Asset Management Co. owned about 0.32% of Howmet Aerospace worth $167,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA raised its position in shares of Howmet Aerospace by 28.0% during the 4th quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after acquiring an additional 89 shares in the last quarter. O Neil Global Advisors Inc. grew its stake in Howmet Aerospace by 0.5% during the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after buying an additional 90 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Howmet Aerospace by 4.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after buying an additional 92 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after buying an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its stake in Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after buying an additional 104 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $0.36 during trading on Friday, hitting $175.37. The stock had a trading volume of 1,637,772 shares, compared to its average volume of 2,714,909. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market cap of $70.79 billion, a P/E ratio of 62.19, a PEG ratio of 1.92 and a beta of 1.37. The business has a fifty day moving average of $146.40 and a two-hundred day moving average of $130.98. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $177.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio (DPR) is 13.03%.

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president now directly owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 over the last 90 days. 1.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial lowered their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Company 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.