Apollon Wealth Management LLC Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Apollon Wealth Management LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,049 shares of the company’s stock after buying an additional 2,602 shares during the quarter. Apollon Wealth Management LLC’s holdings in Howmet Aerospace were worth $990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after acquiring an additional 97 shares during the period. Caprock Group LLC lifted its holdings in Howmet Aerospace by 1.0% in the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after purchasing an additional 106 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Howmet Aerospace by 4.1% in the 4th quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after purchasing an additional 115 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Howmet Aerospace by 18.7% in the 4th quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after purchasing an additional 117 shares in the last quarter. Finally, Avitas Wealth Management LLC lifted its holdings in Howmet Aerospace by 0.5% in the 4th quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company’s stock valued at $2,701,000 after purchasing an additional 123 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the topic 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 report on Wednesday, December 11th. Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Bank of America raised their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein lifted their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Stock Up 0.9 %

Shares of HWM opened at $129.38 on Wednesday. The firm has a market cap of $52.56 billion, a P/E ratio of 49.38, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 12-month low of $58.34 and a 12-month high of $129.69. The company’s 50-day moving average price is $118.22 and its 200 day moving average price is $107.12. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s payout ratio is 12.21%.

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.