Howmet Aerospace Inc. (NYSE:HWM) Raises Dividend to $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 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 0.33%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08.

Howmet Aerospace has raised its dividend payment 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. 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 $0.32 annual dividend with an expected future payout ratio of 10.1%.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $122.01 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The firm’s 50-day simple moving average is $116.07 and its 200 day simple moving average is $103.50. The stock has a market cap of $49.57 billion, a price-to-earnings ratio of 46.57, a PEG ratio of 1.43 and a beta of 1.49. Howmet Aerospace has a fifty-two week low of $55.33 and a fifty-two week high of $129.10.

Analysts Set New Price Targets

A number of brokerages recently commented on HWM. Sanford C. Bernstein increased their price target on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group boosted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, KeyCorp lowered Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace 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.