Howmet Aerospace Inc. (NYSE:HWM) Plans $0.12 Quarterly Dividend

Howmet Aerospace Inc. (NYSE:HWM) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Friday, February 6th will be given a dividend of 0.12 per share on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th.

Howmet Aerospace has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 5 years. Howmet Aerospace has a dividend payout ratio of 11.6% 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 $0.48 annual dividend with an expected future payout ratio of 12.0%.

Howmet Aerospace Trading Down 2.1%

Shares of NYSE:HWM traded down $4.74 on Tuesday, hitting $220.16. 2,421,018 shares of the company’s stock were exchanged, compared to its average volume of 2,232,641. The business’s 50 day simple moving average is $205.23 and its two-hundred day simple moving average is $193.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The stock has a market capitalization of $88.52 billion, a price-to-earnings ratio of 61.84, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. Howmet Aerospace has a 12 month low of $105.04 and a 12 month high of $226.87.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. Analysts anticipate that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on HWM. Bank of America lifted their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 14th. BNP Paribas raised shares of Howmet Aerospace to a “strong-buy” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada boosted their price target on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. BNP Paribas Exane initiated coverage on shares of Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective on the stock. Finally, Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $224.53.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.