Howmet Aerospace Inc. (HWM) to Issue Quarterly Dividend of $0.12 on February 25th

Howmet Aerospace Inc. (NYSE:HWM) announced a quarterly dividend on Tuesday, January 20th. Stockholders of record on Friday, February 6th will be paid a dividend of 0.12 per share on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 6th.

Howmet Aerospace has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Howmet Aerospace has a payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Howmet Aerospace to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 12.0%.

Howmet Aerospace Stock Up 2.1%

Howmet Aerospace stock opened at $224.97 on Thursday. The firm has a market capitalization of $90.45 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 2.08 and a beta of 1.29. The company’s 50 day simple moving average is $205.86 and its 200 day simple moving average is $193.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. Howmet Aerospace has a fifty-two week low of $105.04 and a fifty-two week high of $226.87.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. As a group, sell-side analysts anticipate that Howmet Aerospace will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BTIG Research raised their target price on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Bank of America lifted their price target on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. UBS Group raised their price target on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.