Howmet Aerospace Inc. (HWM) To Go Ex-Dividend on November 8th

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Wednesday, September 25th, Zacks reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.08 per share on Monday, November 25th. This represents a $0.32 annualized dividend and a yield of 0.32%. The ex-dividend date is Friday, November 8th.

Howmet Aerospace has raised its dividend by an average of 104.1% per year over the last three years. Howmet Aerospace has a payout ratio of 10.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Howmet Aerospace to earn $3.16 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

NYSE HWM opened at $99.00 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $92.91 and a 200 day simple moving average of $81.22. The company has a market cap of $40.41 billion, a P/E ratio of 47.97, a P/E/G ratio of 1.47 and a beta of 1.46. Howmet Aerospace has a 1 year low of $42.94 and a 1 year high of $100.62.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that Howmet Aerospace will post 2.59 EPS for the current year.

Insider Activity at Howmet Aerospace

In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares in the company, valued at $14,982,938.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HWM. Benchmark upped their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a report on Friday, July 12th. Northcoast Research reaffirmed a “sell” rating and set a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. Barclays upped their target price on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. KeyCorp lifted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $90.67.

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.