Apollon Wealth Management LLC Has $3.76 Million Stake in Howmet Aerospace Inc. $HWM

Key Points

• Apollon Wealth Management LLC increased its stake in Howmet Aerospace Inc. by 17.6%, bringing its holdings to 20,223 shares valued at approximately $3.76 million.
• Howmet Aerospace's shares recently saw several hedge funds significantly boosting their positions, with institutional and hedge fund ownership at 90.46%.
• Analysts maintain a consensus rating of "Moderate Buy" for Howmet Aerospace, with target prices ranging from $176.21 to $220.00 as provided by various research reports.

Apollon Wealth Management LLC lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,223 shares of the company's stock after acquiring an additional 3,029 shares during the quarter. Apollon Wealth Management LLC's holdings in Howmet Aerospace were worth $3,764,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC boosted its holdings in shares of Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company's stock valued at $39,000 after acquiring an additional 107 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Howmet Aerospace by 2,433.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company's stock valued at $42,000 after acquiring an additional 219 shares in the last quarter. Pinpoint Asset Management Ltd boosted its holdings in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after acquiring an additional 81 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its holdings in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of several recent research reports. Bank of America lifted their target price on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. Zacks Research downgraded Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Susquehanna lifted their target price on Howmet Aerospace from $210.00 to $220.00 and gave the stock a "positive" rating in a report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.21.

Howmet Aerospace Stock Down 2.6%

Shares of NYSE:HWM opened at $183.97 on Friday. The company has a market capitalization of $74.16 billion, a price-to-earnings ratio of 53.79, a P/E/G ratio of 2.38 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The business's 50-day moving average is $182.56 and its 200-day moving average is $167.88. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm's revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace's payout ratio is presently 14.04%.

Howmet Aerospace Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.