Howmet Aerospace (NYSE:HWM – Get Free Report) issued its earnings results on Tuesday. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07, Briefing.com reports. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS.
Howmet Aerospace Price Performance
Shares of NYSE:HWM traded down $4.50 on Friday, reaching $90.37. 1,715,422 shares of the company traded hands, compared to its average volume of 3,231,430. The company’s 50 day moving average is $81.87 and its 200-day moving average is $71.78. The stock has a market capitalization of $36.88 billion, a PE ratio of 45.83, a P/E/G ratio of 1.73 and a beta of 1.45. Howmet Aerospace has a fifty-two week low of $42.94 and a fifty-two week high of $97.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.53 and a quick ratio of 0.92.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 9th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. Howmet Aerospace’s dividend payout ratio (DPR) is 9.66%.
Analyst Ratings Changes
Insider Transactions at Howmet Aerospace
In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the completion of the sale, the executive vice president now owns 217,687 shares of the company’s stock, valued at $18,342,306.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.12% of the stock is owned by insiders.
Howmet Aerospace Company Profile
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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