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Howmet Aerospace announced on January 27, 2023 that its board of directors has declared a regular quarterly dividend of $0.04 per share ($0.16 annualized). Shareholders of record on February 9, 2023 will receive payment on February 27, 2023. Previously, the company paid him $0.04 per share.
At its most recent price of $40.40 / share, the stock had a dividend yield of 0.40%.
The company’s dividend payout ratio is 0.15 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. A company with little growth prospects would be expected to pay the majority of its income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.
Analyst price forecasts suggest a 7.57% gain
As of January 30, 2023, Howmet Aerospace’s 1-year average price target is $43.46. Forecasts range from as low as $35.35 to as high as $50.40. The average price target represents a 7.57% increase from the latest reported closing price of $40.40.
Howmet Aerospace’s projected annual revenue is $6,236 million, an increase of 14.74%. Projected annual EPS is $1.75, an increase of 69.35%.
Fund Sentiment
Howmet Aerospace has 1157 funds or institutions reporting positions. This is an increase of 55 owners or 4.99%.
Portfolio average weight of all funds US Only: HWM was 0.2538%, an increase of 0.4464%. The total number of shares owned by institutional investors has increased by 0.26% to 452,223,000 shares in the last three months.
What are the major shareholders doing?
Elliott Investment Management owns 36,151,051 shares representing an 8.74% ownership interest in the company. In previous filings, the company reported he owned 41,065,000 shares. Decrease 13.59%.office decreased Portfolio allocation at HWM increased by 22.29% last quarter.
Boston Partners holds 21,112,872 shares representing a 5.10% ownership interest in the company. In previous filings, the company reported he owned 20,549,469 shares. will increase 2.67%.office gain Last quarter, HWM’s portfolio allocation increased by 5.75%.
Massachusetts Financial Services owns 18,872,511 shares representing a 4.56% ownership interest in the company. In previous filings, the company reported he owned 18,888,288 shares. Decrease 0.08%.office gain Last quarter, HWM’s portfolio allocation increased by 6.56%.
Orbis Allan Gray owns 13,523,251 shares representing a 3.27% ownership interest in the company. In previous filings, the company reported he owned 16,792,998 shares. Decrease 24.18%.office decreased Last quarter’s portfolio allocation at HWM increased by 19.26%.
Janus Henderson Group holds 11,651,512 shares representing a 2.82% ownership interest in the company. In previous filings, the company reported that it owned 10,503,680 of his shares. will increase 9.85%.office gain Last quarter’s portfolio allocation at HWM increased by 18.53%.
Howmet Aerospace background information
(This description is provided by the company.)
Headquartered in Pittsburgh, Pennsylvania, Howmet Aerospace Inc. is a leading global provider of advanced engineering solutions for the aerospace and transportation industries. The Company’s primary business focuses on jet engine components, aerospace fastening systems, titanium structural components, and forged wheels for commercial transportation, which are required for mission-critical performance and efficiency in aerospace and defense applications. there is With approximately 1,200 issued and pending patents, the company’s differentiated technology enables lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. In 2019, Howmet Aerospace’s business reported annual revenues of over $7 billion.
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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