Howmet Aerospace Inc. (NYSE:HWM) Declares Dividend Increase – $0.10 Per Share

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 7th will be paid a dividend of 0.10 per share on Tuesday, February 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08.

Howmet Aerospace has increased its dividend by an average of 86.6% per year over the last three years. Howmet Aerospace has a payout ratio of 8.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Howmet Aerospace to earn $3.17 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 10.1%.

Howmet Aerospace Trading Down 4.0 %

Shares of HWM stock opened at $122.01 on Tuesday. The stock has a 50 day simple moving average of $116.07 and a 200 day simple moving average of $103.50. Howmet Aerospace has a 1 year low of $55.33 and a 1 year high of $129.10. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The stock has a market cap of $49.57 billion, a P/E ratio of 46.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.49.

Analyst Ratings Changes

A number of research firms recently commented on HWM. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Truist Financial raised their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.71.

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.