Howmet Aerospace Inc. (HWM) to Issue Quarterly Dividend of $0.05 on May 28th

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Investors of record on Friday, May 10th will be given a dividend of 0.05 per share on Tuesday, May 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, May 9th.

Howmet Aerospace has raised its dividend by an average of 104.1% annually over the last three years and has raised its dividend every year for the last 2 years. Howmet Aerospace has a dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Howmet Aerospace to earn $2.66 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.5%.

Howmet Aerospace Price Performance

Shares of HWM opened at $66.40 on Friday. The business’s 50-day moving average is $65.97 and its two-hundred day moving average is $57.07. The company has a market capitalization of $27.12 billion, a P/E ratio of 36.28, a P/E/G ratio of 1.68 and a beta of 1.43. Howmet Aerospace has a fifty-two week low of $42.17 and a fifty-two week high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Research analysts predict that Howmet Aerospace will post 2.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HWM. Royal Bank of Canada started coverage on Howmet Aerospace in a research report on Monday, March 18th. They set an “outperform” rating and a $75.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a report on Friday, April 19th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Robert W. Baird upped their price target on Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.00.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.12% of the stock is currently owned by company insiders.

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.