Howmet Aerospace (NYSE:HWM – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.83 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS.
Howmet Aerospace Price Performance
Shares of NYSE HWM traded down $0.83 during trading on Thursday, reaching $94.87. The company had a trading volume of 3,042,742 shares, compared to its average volume of 3,241,562. Howmet Aerospace has a twelve month low of $42.94 and a twelve month high of $97.29. The stock has a market capitalization of $38.72 billion, a PE ratio of 45.60, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45. The stock has a 50-day moving average price of $81.62 and a two-hundred day moving average price of $71.62. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68.
Howmet Aerospace Increases Dividend
The business also recently declared 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, August 9th. Howmet Aerospace’s payout ratio is 9.66%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on HWM
Insider Transactions at Howmet Aerospace
In related news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the transaction, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.12% of the company’s stock.
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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