Howmet Aerospace Inc. (HWM) to Distribute Quarterly Dividend of $0.10 on February 25th

Howmet Aerospace Inc. (NYSE:HWM) announced a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.10 per share on Tuesday, February 25th. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08.

Howmet Aerospace has raised its dividend payment by an average of 86.6% annually over the last three years. Howmet Aerospace has a payout ratio of 10.4% indicating that 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 $0.40 annual dividend with an expected future payout ratio of 12.6%.

Howmet Aerospace Stock Performance

Shares of HWM opened at $126.74 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace has a one year low of $57.66 and a one year high of $129.10. The stock has a 50-day moving average of $117.36 and a 200-day moving average of $105.80. The company has a market cap of $51.49 billion, a PE ratio of 48.36, a P/E/G ratio of 1.43 and a beta of 1.50.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HWM shares. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Susquehanna increased their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.