Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lifted by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 25.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,447 shares of the company’s stock after purchasing an additional 1,289 shares during the period. Apollon Wealth Management LLC’s holdings in Howmet Aerospace were worth $646,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Senator Investment Group LP raised its position in Howmet Aerospace by 24.8% during the second quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after acquiring an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter valued at $1,264,000. Wealthspire Advisors LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at $209,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after buying an additional 8,676 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 43.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. This represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HWM shares. Truist Financial boosted their price target on Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on Howmet Aerospace from $113.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Barclays lifted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Sanford C. Bernstein upped their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Robert W. Baird boosted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Trading Down 1.1 %

Shares of HWM stock opened at $112.01 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm has a fifty day moving average of $102.37 and a 200-day moving average of $91.12. Howmet Aerospace Inc. has a 52-week low of $51.22 and a 52-week high of $116.74. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 42.75, a P/E/G ratio of 1.57 and a beta of 1.46.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is 12.21%.

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.