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

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) 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 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Thursday, May 9th.

Howmet Aerospace has increased its dividend payment by an average of 104.1% per year over the last three years and has increased its dividend every year for the last 2 years. Howmet Aerospace has a dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.5 %

Shares of NYSE:HWM traded up $1.60 during midday trading on Friday, hitting $66.40. 4,064,550 shares of the stock traded hands, compared to its average volume of 3,329,410. The stock has a market capitalization of $27.12 billion, a PE ratio of 35.40, a P/E/G ratio of 1.68 and a beta of 1.43. The business's 50 day moving average is $65.90 and its two-hundred day moving average is $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 has a one year low of $42.17 and a one year high of $69.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, research analysts forecast that Howmet Aerospace will post 2.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an "outperform" rating and a $75.00 price target for the company. Robert W. Baird increased their price target on shares of Howmet Aerospace from $65.00 to $74.00 and gave the stock an "outperform" rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Benchmark reissued a "buy" rating and issued a $53.00 price target on shares of Howmet Aerospace in a research note on Friday, April 19th. Finally, UBS Group increased their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.00.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction 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 transaction, the executive vice president now 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 available at this hyperlink. 1.12% of the stock is currently owned by corporate insiders.

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.

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