Howmet Aerospace Inc. $HWM is Congress Asset Management Co.'s 7th Largest Position

Key Points

• Congress Asset Management Co. trimmed its holdings in Howmet Aerospace Inc. by 10.8%, making it their 7th largest position, with 1,149,372 shares valued at approximately $213.9 million.
• Several large investors, including PFG Advisors and Wealth Enhancement Advisory Services LLC, significantly increased their positions in Howmet Aerospace during the first quarter, indicating growing institutional interest.
• Wall Street analysts have a generally positive outlook on Howmet Aerospace, with the stock showing a consensus rating of "Moderate Buy" and a target price of approximately $172.13.

Congress Asset Management Co. trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,149,372 shares of the company's stock after selling 138,526 shares during the quarter. Howmet Aerospace comprises about 1.5% of Congress Asset Management Co.'s holdings, making the stock its 7th biggest holding. Congress Asset Management Co. owned 0.28% of Howmet Aerospace worth $213,933,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HWM. Harbour Investments Inc. increased its position in shares of Howmet Aerospace by 10.1% during the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock valued at $145,000 after acquiring an additional 102 shares in the last quarter. PFG Advisors lifted its holdings in shares of Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company's stock valued at $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after buying an additional 98,642 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Howmet Aerospace by 126.1% in the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after buying an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Howmet Aerospace by 65.4% in the 1st quarter. Private Trust Co. NA now owns 673 shares of the company's stock worth $87,000 after buying an additional 266 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Truist Financial upped their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Susquehanna boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Trading Down 0.3%

Shares of HWM stock opened at $189.65 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The stock has a fifty day simple moving average of $181.68 and a two-hundred day simple moving average of $162.99. The firm has a market capitalization of $76.45 billion, a PE ratio of 55.45, a PEG ratio of 2.46 and a beta of 1.45. Howmet Aerospace Inc. has a 52-week low of $97.86 and a 52-week high of $194.69.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's payout ratio is presently 14.04%.

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.

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