Howmet Aerospace Inc. (NYSE:HWM) Declares Dividend Increase – $0.14 Per Share

Howmet Aerospace Inc. (NYSE:HWMGet Free Report) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 7th will be given a dividend of 0.14 per share on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. This is a 16.7% increase from Howmet Aerospace’s previous quarterly dividend of $0.12.

Howmet Aerospace has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 5 years. Howmet Aerospace has a payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Howmet Aerospace to earn $5.94 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 8.1%.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $288.17 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.59 and a current ratio of 2.44. The firm has a fifty day moving average price of $268.14 and a 200 day moving average price of $250.04. Howmet Aerospace has a fifty-two week low of $169.45 and a fifty-two week high of $295.28. The firm has a market cap of $115.30 billion, a price-to-earnings ratio of 66.86, a P/E/G ratio of 2.27 and a beta of 1.19.

Howmet Aerospace (NYSE:HWMGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. Howmet Aerospace’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. Howmet Aerospace has set its FY 2026 guidance at 4.880-5.000 EPS and its Q2 2026 guidance at 1.220-1.240 EPS. As a group, sell-side analysts expect that Howmet Aerospace will post 5.05 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the completion of the sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This trade represents a 39.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Howmet Aerospace

Several large investors have recently modified their holdings of the stock. Platform Technology Partners bought a new stake in Howmet Aerospace in the second quarter worth $262,000. Sunpointe LLC boosted its stake in Howmet Aerospace by 62.4% during the second quarter. Sunpointe LLC now owns 4,691 shares of the company’s stock worth $1,261,000 after buying an additional 1,802 shares during the period. WealthBridge Capital Management LLC bought a new position in Howmet Aerospace during the second quarter valued at $221,000. Petra Financial Advisors Inc. increased its position in Howmet Aerospace by 76.3% during the second quarter. Petra Financial Advisors Inc. now owns 5,071 shares of the company’s stock valued at $1,363,000 after acquiring an additional 2,195 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its position in Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

(Get Free Report)

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.

See Also

Dividend History for Howmet Aerospace (NYSE:HWM)

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