Howmet Aerospace Inc. (NYSE:HWM) Announces $0.05 Quarterly Dividend

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Thursday, April 25th, NASDAQ reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.05 per share on Tuesday, May 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, May 9th.

Howmet Aerospace has increased its dividend payment by an average of 104.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Howmet Aerospace has a payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Howmet Aerospace to earn $2.71 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 7.4%.

Howmet Aerospace Trading Up 1.6 %

Shares of HWM stock opened at $80.18 on Tuesday. Howmet Aerospace has a 52-week low of $42.17 and a 52-week high of $80.20. The stock has a market cap of $32.73 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 1.89 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The firm has a fifty day moving average of $66.98 and a 200-day moving average of $58.41.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The business’s revenue was up 13.8% on a year-over-year basis. On average, equities research analysts forecast that Howmet Aerospace will post 2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HWM. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday. Benchmark reiterated a “buy” rating and set a $53.00 target price on shares of Howmet Aerospace in a research report on Friday, April 19th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group increased their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Argus increased their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.