Howmet Aerospace Inc. (NYSE:HWM) Plans Dividend Increase – $0.10 Per Share

Howmet Aerospace Inc. (NYSE:HWM) announced a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.10 per share on Tuesday, February 25th. This represents a $0.40 annualized dividend and a yield of 0.33%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08.

Howmet Aerospace has raised its dividend by an average of 86.6% annually over the last three years. Howmet Aerospace has a dividend payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Howmet Aerospace to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 10.1%.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded down $5.02 during trading on Monday, reaching $122.01. The stock had a trading volume of 3,447,370 shares, compared to its average volume of 2,827,219. The stock has a market capitalization of $49.57 billion, a PE ratio of 46.57, a P/E/G ratio of 1.43 and a beta of 1.49. Howmet Aerospace has a 52 week low of $55.33 and a 52 week high of $129.10. The business’s 50-day moving average price is $116.07 and its 200 day moving average price is $103.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sanford C. Bernstein increased their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.