Congress Wealth Management LLC DE Acquires 3,452 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Congress Wealth Management LLC DE grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 187,458 shares of the company's stock after buying an additional 3,452 shares during the period. Congress Wealth Management LLC DE's holdings in Howmet Aerospace were worth $20,502,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in Howmet Aerospace in the fourth quarter worth $26,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace during the 4th quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management bought a new stake in Howmet Aerospace in the 4th quarter valued at about $34,000. Finally, ORG Partners LLC acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Truist Financial restated a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.28.

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Howmet Aerospace Stock Performance

HWM stock traded down $2.82 during mid-day trading on Friday, hitting $129.61. The company had a trading volume of 1,945,000 shares, compared to its average volume of 2,747,326. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a market cap of $52.50 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock's fifty day moving average price is $129.41 and its two-hundred day moving average price is $115.73.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Howmet Aerospace 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.