Congress Asset Management Co. Sells 19,605 Shares of Howmet Aerospace Inc. $HWM

Congress Asset Management Co. reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 806,017 shares of the company’s stock after selling 19,605 shares during the quarter. Howmet Aerospace accounts for approximately 1.2% of Congress Asset Management Co.’s portfolio, making the stock its 14th largest holding. Congress Asset Management Co. owned 0.20% of Howmet Aerospace worth $165,250,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC raised its position in Howmet Aerospace by 1.2% in the third quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock worth $807,000 after acquiring an additional 50 shares during the period. REAP Financial Group LLC grew its position in shares of Howmet Aerospace by 24.1% during the 3rd quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock valued at $52,000 after acquiring an additional 51 shares during the period. Parallel Advisors LLC increased its stake in shares of Howmet Aerospace by 1.7% during the 3rd quarter. Parallel Advisors LLC now owns 3,134 shares of the company’s stock worth $615,000 after purchasing an additional 51 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Howmet Aerospace by 1.4% in the 3rd quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock worth $762,000 after purchasing an additional 52 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 2.0%

Howmet Aerospace stock opened at $235.94 on Tuesday. The firm has a 50 day simple moving average of $235.98 and a 200 day simple moving average of $211.56. The company has a current ratio of 2.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $267.31. The firm has a market capitalization of $94.60 billion, a price-to-earnings ratio of 63.60, a P/E/G ratio of 2.14 and a beta of 1.21.

Howmet Aerospace (NYSE:HWM) last posted its earnings results 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. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.12 billion. Howmet Aerospace had a return on equity of 30.41% and a net margin of 18.27%.The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. 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. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th were paid a $0.12 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Bank of America upped their price objective on Howmet Aerospace from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Citigroup boosted their target price on Howmet Aerospace from $255.00 to $283.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Susquehanna upped their price target on Howmet Aerospace from $255.00 to $290.00 and gave the company a “positive” rating in a research report on Friday, February 13th. Wolfe Research set a $270.00 price target on Howmet Aerospace and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $280.00 price objective on shares of Howmet Aerospace in a report on Friday, February 13th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.15.

Insider Activity

In other news, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction dated 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 directly owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 45,150 shares of the 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 sale, the executive vice president directly owned 107,008 shares in the company, valued at approximately $26,933,913.60. The trade was a 29.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.04% of the stock is owned by company insiders.

Howmet Aerospace Profile

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.