Howmet Aerospace Inc. (NYSE:HWM) Increases Dividend to $0.10 Per Share

Howmet Aerospace Inc. (NYSE:HWM) announced a quarterly dividend on Monday, January 27th,RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change 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 10.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 1.0 %

HWM opened at $126.74 on Wednesday. The stock has a 50-day moving average of $117.36 and a 200 day moving average of $105.80. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace has a 12 month low of $57.66 and a 12 month high of $129.10. The firm has a market cap of $51.49 billion, a P/E 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 research analysts have recently commented on the company. Robert W. Baird upped their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Sanford C. Bernstein raised their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays boosted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. UBS Group boosted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their target price on 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 issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.71.

About Howmet Aerospace

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.