Howmet Aerospace Inc. (NYSE:HWM) to Issue $0.02 Quarterly Dividend

Howmet Aerospace Inc. (NYSE:HWM) declared a quarterly dividend on Monday, July 19th, Zacks reports. Stockholders of record on Friday, August 6th will be paid a dividend of 0.02 per share on Wednesday, August 25th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Thursday, August 5th.

Shares of HWM opened at $31.89 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.12 and a current ratio of 1.98. The stock’s 50 day simple moving average is $34.00. Howmet Aerospace has a 1-year low of $14.52 and a 1-year high of $36.03. The stock has a market cap of $13.85 billion, a PE ratio of 113.89 and a beta of 1.97.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Wednesday, May 5th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.03. Howmet Aerospace had a net margin of 2.61% and a return on equity of 9.96%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $0.44 EPS. The company’s revenue was down 26.0% on a year-over-year basis. On average, equities analysts expect that Howmet Aerospace will post 0.98 earnings per share for the current year.

A number of analysts recently issued reports on HWM shares. KeyCorp raised their target price on shares of Howmet Aerospace from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, May 7th. Wells Fargo & Company assumed coverage on shares of Howmet Aerospace in a report on Tuesday, May 18th. They issued an “overweight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, April 7th. Zacks Investment Research upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Wednesday, May 19th. Finally, Argus lifted their target price on shares of Howmet Aerospace from $33.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, May 19th. Twelve investment analysts have rated the stock with a buy rating, Howmet Aerospace presently has a consensus rating of “Buy” and a consensus price target of $33.18.

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.

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