Howmet Aerospace Inc. (NYSE:HWM) Announces Quarterly Dividend of $0.10

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Wednesday, April 9th, RTT News reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.10 per share on Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%.

Howmet Aerospace has increased its dividend by an average of 86.6% annually over the last three years. Howmet Aerospace has a payout ratio of 10.1% meaning its dividend is sufficiently covered by earnings. 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 $0.40 annual dividend with an expected future payout ratio of 10.0%.

Howmet Aerospace Trading Up 11.9 %

Shares of Howmet Aerospace stock traded up $13.65 on Wednesday, hitting $128.27. 5,274,395 shares of the company traded hands, compared to its average volume of 2,760,058. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market cap of $51.95 billion, a PE ratio of 45.49, a PEG ratio of 1.92 and a beta of 1.25. The stock’s 50 day moving average price is $128.78 and its 200-day moving average price is $117.39. Howmet Aerospace has a 52 week low of $62.80 and a 52 week high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts predict that Howmet Aerospace will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Howmet Aerospace stock. Brighton Jones LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,548 shares of the company’s stock after purchasing an additional 130 shares during the period. Brighton Jones LLC’s holdings in Howmet Aerospace were worth $279,000 as of its most recent filing with the Securities & Exchange Commission. 90.46% of the stock is owned by institutional investors and hedge funds.

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.