Howmet Aerospace Inc. (HWM) to Issue Quarterly Dividend of $0.14 on November 25th

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Wednesday, October 14th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.14 per share on Wednesday, November 25th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, November 6th.

Howmet Aerospace has decreased its dividend by an average of 0.3% annually over the last three years and has increased its dividend every year for the last 5 years. Howmet Aerospace has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Howmet Aerospace to earn $6.47 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 8.7%.

Howmet Aerospace Price Performance

NYSE:HWM opened at $222.65 on Wednesday. The business’s 50-day moving average is $227.02 and its 200 day moving average is $248.47. Howmet Aerospace has a 12 month low of $183.52 and a 12 month high of $310.00. The company has a market capitalization of $88.54 billion, a P/E ratio of 43.57, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.86, a quick ratio of 0.90 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year. On average, equities research analysts forecast that Howmet Aerospace will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of Howmet Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Avion Wealth grew its position in shares of Howmet Aerospace by 88.7% during the third quarter. Avion Wealth now owns 234 shares of the company’s stock worth $52,000 after acquiring an additional 110 shares during the last quarter. Elite Wealth Management Inc. raised its position in Howmet Aerospace by 95.0% in the 3rd quarter. Elite Wealth Management Inc. now owns 61,987 shares of the company’s stock valued at $14,020,000 after purchasing an additional 30,205 shares during the last quarter. M Holdings Securities Inc. purchased a new stake in Howmet Aerospace in the 3rd quarter valued at $2,370,000. Brighton Jones LLC raised its position in Howmet Aerospace by 4.2% in the 3rd quarter. Brighton Jones LLC now owns 3,795 shares of the company’s stock valued at $858,000 after purchasing an additional 152 shares during the last quarter. Finally, Candriam S.C.A. raised its position in Howmet Aerospace by 49.9% in the 3rd quarter. Candriam S.C.A. now owns 62,509 shares of the company’s stock valued at $14,190,000 after purchasing an additional 20,812 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.