Congress Asset Management Co. Raises Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Congress Asset Management Co. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,282,137 shares of the company's stock after buying an additional 12,026 shares during the quarter. Howmet Aerospace accounts for about 0.9% of Congress Asset Management Co.'s portfolio, making the stock its 27th largest holding. Congress Asset Management Co. owned about 0.32% of Howmet Aerospace worth $140,227,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp raised its position in Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock worth $26,450,000 after buying an additional 28,568 shares during the last quarter. Vista Investment Partners LLC purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $249,000. Oppenheimer & Co. Inc. raised its position in Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock worth $2,622,000 after buying an additional 15,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $289,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 2.0 %

HWM traded up $2.69 on Wednesday, hitting $139.36. The company had a trading volume of 2,900,633 shares, compared to its average volume of 2,716,348. The firm has a market cap of $56.62 billion, a P/E ratio of 49.42, a PEG ratio of 1.51 and a beta of 1.50. Howmet Aerospace Inc. has a 1 year low of $62.70 and a 1 year high of $140.55. The company's fifty day moving average price is $119.90 and its 200 day moving average price is $108.88. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.17 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace's payout ratio is 14.18%.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. Truist Financial reissued a "buy" rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Bank of America lifted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

About Howmet Aerospace

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.