Howmet Aerospace Inc. $HWM Holdings Lowered by Congress Asset Management Co.

Key Points

• Congress Asset Management reduced its Howmet Aerospace stake by 4.2% in the third quarter, selling 25,889 shares and retaining 596,554 shares worth approximately $134.9 million. Institutional investors collectively own 90.46% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $314.84. Recent analysts raised targets as high as $370.
• Howmet exceeded quarterly expectations with $1.33 in EPS versus $1.24 expected and revenue of $2.55 billion, up 24.1% year over year. The company also increased its quarterly dividend to $0.14 per share from $0.12.

Congress Asset Management Co. lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,554 shares of the company's stock after selling 25,889 shares during the quarter. Howmet Aerospace makes up 0.9% of Congress Asset Management Co.'s portfolio, making the stock its 28th biggest holding. Congress Asset Management Co. owned approximately 0.15% of Howmet Aerospace worth $134,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division grew its holdings in Howmet Aerospace by 65.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 8,282 shares of the company's stock valued at $1,873,000 after buying an additional 3,287 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in Howmet Aerospace by 680.0% during the third quarter. Rosenberg Matthew Hamilton now owns 234 shares of the company's stock valued at $53,000 after acquiring an additional 204 shares in the last quarter. CX Institutional increased its holdings in Howmet Aerospace by 521.5% in the 3rd quarter. CX Institutional now owns 38,183 shares of the company's stock valued at $8,636,000 after acquiring an additional 32,039 shares during the last quarter. GoalVest Advisory LLC lifted its stake in Howmet Aerospace by 35,684.9% in the 3rd quarter. GoalVest Advisory LLC now owns 26,123 shares of the company's stock worth $5,909,000 after purchasing an additional 26,050 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter valued at about $50,000. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of a number of recent research reports. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a "buy" rating and set a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Susquehanna boosted their target price on Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a research note on Friday, August 7th. BTIG Research raised their price target on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Sanford C. Bernstein lifted their target price on Howmet Aerospace from $318.00 to $328.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $314.84.

Howmet Aerospace Price Performance

HWM traded up $1.85 during midday trading on Tuesday, hitting $231.42. 2,351,624 shares of the company traded hands, compared to its average volume of 2,721,032. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The business has a 50 day simple moving average of $255.36 and a two-hundred day simple moving average of $257.76. The company has a market capitalization of $92.59 billion, a price-to-earnings ratio of 49.87, a PEG ratio of 2.08 and a beta of 1.21. Howmet Aerospace Inc. has a 52-week low of $183.83 and a 52-week high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm's quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. On average, equities analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 7th. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.07%.

Howmet Aerospace Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company's principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.

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