U.S. Congressman just invested $250k in this stock

Group 1: Investment Activity - Michael McCaul, a congressional representative, invested between $100,001 and $250,000 in Howmet Aerospace (NYSE: HWM) on September 16, when shares were priced at $94.59 [1] - Since McCaul's purchase, HWM shares have increased by 10.12%, and the Congressman could potentially gain between $10,120 and $25,300 from this trade [1][2] Group 2: Company Overview - Howmet Aerospace is a significant supplier for major contractors, including Lockheed Martin (NYSE: LMT), providing titanium and involved in a legal dispute over supply prices settled on May 3 [2] - The company is not a direct defense contractor but benefits from increased defense spending amid geopolitical instability and upcoming elections [2] Group 3: Market Sentiment and Analyst Ratings - Wall Street analysts are cautiously optimistic about HWM, with a consensus rating of 'Strong Buy' from 17 equity researchers [4] - Deutsche Bank analyst Scott Deuschle raised the price target for HWM from $106 to $125, anticipating an earnings beat and increased guidance in the upcoming earnings call on November 6 [4] - The average price target for HWM is $109.36, indicating a potential increase of 5.24% from the current share price [4]