On March 31, 2023,
Benchmark
upgraded
their outlook
for Howmet Aerospace (NYSE:HWM) from Neutral
to Buy
.
Analyst Price Forecast Suggests 12.54% Upside
As of March 30, 2023,
the average one-year price target for Howmet Aerospace is $47.68.
The forecasts range from a low of $39.39 to a high of $54.60.
The average price target represents an increase of 12.54% from its latest reported closing price of $42.37.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Howmet Aerospace
is $6,236MM, an increase of 10.12%.
The projected annual non-GAAP EPS
is $1.75.
Howmet Aerospace Declares $0.04 Dividend
On January 27, 2023 the company declared a regular
quarterly dividend of $0.04 per share ($0.16 annualized).
Shareholders of record as of February 10, 2023
received the payment on February 27, 2023.
Previously, the company paid $0.04 per share.
At the current share price of $42.37 / share,
the stock’s dividend yield is 0.38%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.56%,
the lowest has been 0.21%,
and the highest has been 1.49%.
The standard deviation of yields is 0.42 (n=164).
The current dividend yield is
0.42 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.14.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
What are Large Shareholders Doing?
Elliott Investment Management
holds 34,693K shares
representing 8.41% ownership of the company.
In it’s prior filing, the firm reported owning 36,151K shares, representing
a decrease
of 4.20%.
The firm
decreased
its portfolio allocation in HWM by 3.62% over the last quarter.
Boston Partners
holds 20,940K shares
representing 5.08% ownership of the company.
In it’s prior filing, the firm reported owning 21,113K shares, representing
a decrease
of 0.83%.
The firm
decreased
its portfolio allocation in HWM by 99.95% over the last quarter.
Janus Henderson Group
holds 18,707K shares
representing 4.54% ownership of the company.
In it’s prior filing, the firm reported owning 11,652K shares, representing
an increase
of 37.72%.
The firm
decreased
its portfolio allocation in HWM by 31.67% over the last quarter.
Massachusetts Financial Services
holds 18,486K shares
representing 4.48% ownership of the company.
In it’s prior filing, the firm reported owning 18,873K shares, representing
a decrease
of 2.09%.
The firm
decreased
its portfolio allocation in HWM by 99.98% over the last quarter.
Orbis Allan Gray
holds 11,643K shares
representing 2.82% ownership of the company.
In it’s prior filing, the firm reported owning 13,523K shares, representing
a decrease
of 16.15%.
The firm
increased
its portfolio allocation in HWM by 6.22% over the last quarter.
What is the Fund Sentiment?
There are 1196 funds or institutions reporting positions in Howmet Aerospace.
This is an increase
of
61
owner(s) or 5.37% in the last quarter.
Average portfolio weight of all funds dedicated to HWM is 0.26%,
an increase
of 1.48%.
Total shares owned by institutions increased
in the last three months by 2.11% to 460,105K shares.
The put/call ratio of HWM is 0.29, indicating a
bullish
outlook.
Howmet Aerospace Background Information
(This description is provided by the company.)
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company’s primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. With nearly 1,200 granted and pending patents, the Company’s differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. In 2019, the businesses of Howmet Aerospace reported annual revenue of over $7 billion.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
