Congress Asset Management Co. Sells 25,889 Shares of Howmet Aerospace Inc. $HWM

Congress Asset Management Co. trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 4.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 596,554 shares of the company’s stock after selling 25,889 shares during the period. Howmet Aerospace makes up about 0.9% of Congress Asset Management Co.’s holdings, making the stock its 28th largest holding. Congress Asset Management Co.’s holdings in Howmet Aerospace were worth $134,929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Premier Path Wealth Partners LLC lifted its position in Howmet Aerospace by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 3,812 shares of the company’s stock valued at $1,025,000 after buying an additional 37 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in shares of Howmet Aerospace by 55.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after purchasing an additional 38 shares during the period. Tudor Financial Inc. boosted its position in shares of Howmet Aerospace by 2.6% during the 4th quarter. Tudor Financial Inc. now owns 1,650 shares of the company’s stock worth $338,000 after purchasing an additional 42 shares during the period. Physician Wealth Advisors Inc. increased its holdings in Howmet Aerospace by 2.5% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company’s stock valued at $399,000 after purchasing an additional 42 shares during the last quarter. Finally, Roman Butler Fullerton & Co. raised its position in Howmet Aerospace by 0.4% in the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company’s stock valued at $2,634,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein raised their price target on Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Weiss Ratings upgraded shares of Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Guggenheim started coverage on shares of Howmet Aerospace in a report on Monday, September 14th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, Citigroup reiterated a “buy” rating on shares of Howmet Aerospace in a report on Wednesday, September 30th. Two investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $314.84.

Howmet Aerospace Stock Up 0.8%

NYSE:HWM traded up $1.85 during trading hours on Tuesday, hitting $231.42. The company’s stock had a trading volume of 2,351,624 shares, compared to its average volume of 2,721,032. Howmet Aerospace Inc. has a 52-week low of $183.83 and a 52-week high of $310.00. 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 stock has a market capitalization of $92.59 billion, a P/E ratio of 49.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.21. The stock has a fifty day moving average of $255.36 and a 200-day moving average of $257.76.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the company earned $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 year.

Howmet Aerospace Increases Dividend

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

About Howmet Aerospace

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.