Apollon Wealth Management LLC Purchases 3,029 Shares of Howmet Aerospace Inc. $HWM

Apollon Wealth Management LLC boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 17.6% in the second quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hemington Wealth Management increased its position in Howmet Aerospace by 25.9% in the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after buying an additional 66 shares in the last quarter. Inspire Investing LLC increased its holdings in Howmet Aerospace by 163.6% during the 2nd quarter. Inspire Investing LLC now owns 15,375 shares of the company’s stock worth $2,862,000 after purchasing an additional 9,543 shares in the last quarter. Aberdeen Group plc increased its holdings in Howmet Aerospace by 3.8% during the 2nd quarter. Aberdeen Group plc now owns 342,652 shares of the company’s stock worth $63,848,000 after purchasing an additional 12,577 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in Howmet Aerospace by 9.1% during the 2nd quarter. Strengthening Families & Communities LLC now owns 2,862 shares of the company’s stock worth $533,000 after purchasing an additional 238 shares in the last quarter. Finally, PDS Planning Inc bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $292,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

HWM stock opened at $183.97 on Friday. The firm has a market cap of $74.16 billion, a PE ratio of 53.79, a P/E/G ratio of 2.38 and a beta of 1.45. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $182.56 and a 200-day moving average of $167.88. Howmet Aerospace Inc. has a 12-month low of $98.83 and a 12-month high of $198.48.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HWM. Royal Bank Of Canada reissued an “outperform” rating on shares of Howmet Aerospace in a report on Monday, June 30th. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Barclays reissued an “overweight” rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $176.21.

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.