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

Howmet Aerospace Inc. (NYSE:HWM) announced a quarterly dividend on Thursday, April 25th, NASDAQ reports. Stockholders 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 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 9th.

Howmet Aerospace has increased its dividend by an average of 104.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Howmet Aerospace has a dividend payout ratio of 7.5% meaning its dividend is sufficiently covered by earnings. Equities 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

NYSE:HWM traded up $1.60 on Friday, reaching $66.40. The stock had a trading volume of 4,064,550 shares, compared to its average volume of 3,329,410. The company has a market capitalization of $27.12 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43. Howmet Aerospace has a 1-year low of $42.17 and a 1-year high of $69.55. The stock has a fifty day moving average price of $65.90 and a 200-day moving average price of $56.94. The company has a quick ratio of 0.87, a current ratio of 1.86 and a debt-to-equity ratio of 0.88.

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

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Robert W. Baird lifted their target price on Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada initiated coverage on Howmet Aerospace in a research report on Monday, March 18th. They issued an “outperform” rating and a $75.00 price objective for the company. Barclays raised their target price on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Finally, Benchmark reissued a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research report on Friday, April 19th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

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.