Howmet Aerospace Inc. (HWM) Stock Price & Analysis
Howmet Aerospace Inc. (HWM) closed at USD 193.29 on Thursday, October 22, 2026, down 7.14% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 208.15; the Oct 22, 2026 session ranged USD 190.32–203 on volume of 6,608,219 shares. Market capitalization is $77.08B, with a 52-week range of USD 188.83–310 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HWM.md
Key facts (HWM)
- Last four reported quarters (through Jun 30, 2026): revenue $9.12B, net income $1.87B (20.5% margin), free cash flow $1.79B (SEC filings).
- Valuation: P/E 41.2x (avg 41.1x at the last 3 fiscal year-ends), EV/EBITDA 29.0x, net debt $3.94B.
- 1 of 80 tracked superinvestors hold HWM (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $11.3M; 1 not under a Rule 10b5-1 plan ($11.3M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.95 on a 1–5 scale) (22 analysts), mean target USD 324.55 (range 255–377).
- Total return with dividends: 1Y -3.2% vs S&P 500 +14.9%; 5Y +543.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.37, revenue estimate $2.59B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HWM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.97B | $5.66B | $6.64B | $7.43B | $8.25B | $9.12B |
| Operating income | $748M | $919M | $1.20B | $1.63B | $2.05B | $2.50B |
| Net income | $258M | $469M | $765M | $1.16B | $1.51B | $1.87B |
| EPS (diluted) | $0.59 | $1.11 | $1.83 | $2.81 | $3.71 | — |
| Free cash flow | $250M | $540M | $682M | $977M | $1.43B | $1.79B |
| Operating margin | 15.0% | 16.2% | 18.1% | 22.0% | 24.8% | 27.4% |
| Net margin | 5.2% | 8.3% | 11.5% | 15.5% | 18.3% | 20.5% |
| Revenue growth | -5.5% | +13.9% | +17.3% | +11.9% | +11.1% | — |
| Cash + short-term investments | $720M | $791M | $610M | $564M | $742M | — |
| Total debt | $4.23B | $4.16B | $3.71B | $3.31B | $3.05B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (HWM)
P/E 41.2x · P/S 8.5x · EV/EBITDA 29.0x · EV/Sales 8.9x · P/FCF 43.0x · P/B 13.4x · FCF yield 2.32% · Earnings yield 2.43% · Buyback yield (TTM) 1.30% · Net debt $3.94B · EV $81.0B
P/E at fiscal year-ends: Dec 2025 55.2x, Dec 2024 38.8x, Dec 2023 29.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (HWM)
1 of 80 tracked investors hold HWM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 1.06% | $123M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (HWM)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-11 | Marchuk Neil Edward | EVP, CAO | 41,932 | $11.3M | 39.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (HWM)
Consensus Buy (mean 1.95 on a 1–5 scale), 22 analysts; mean target USD 324.55 (low 255, high 377).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | RBC Capital | Target lowered | Outperform | $350 → $300 |
| 2026-10-09 | TD Cowen | Target lowered | Buy | $320 → $280 |
| 2026-09-30 | Wells Fargo | Target lowered | Equal-Weight | $315 → $255 |
| 2026-09-15 | Guggenheim | Initiated | Buy | $350 |
| 2026-08-24 | Bernstein | Target raised | Outperform | $318 → $328 |
| 2026-08-10 | JP Morgan | Target raised | Overweight | $310 → $350 |
| 2026-08-10 | BTIG | Target raised | Buy | $300 → $340 |
| 2026-08-07 | UBS | Target raised | Neutral | $299 → $326 |
| 2026-08-07 | RBC Capital | Target raised | Outperform | $325 → $350 |
| 2026-08-07 | Susquehanna | Target raised | Positive | $330 → $340 |
| 2026-07-27 | RBC Capital | Target raised | Outperform | $300 → $325 |
| 2026-07-13 | TD Cowen | Target raised | Buy | $300 → $320 |
Total return (dividends reinvested) (HWM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -3.2% | +543.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -3.2% | +45.0% |
| Volatility (annualized) | 34.6% | 31.3% |
| Max drawdown | -34.0% (Aug 2026→Oct 2026) | -33.2% (Aug 2026→Oct 2026) |
HWM revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Engine Products | $1.37B | 53.9% | +32.3% |
| Fastening Systems | $589.0M | 23.1% | +36.7% |
| Forged Wheels | $316.0M | 12.4% | +14.5% |
| Engineered Structures | $269.0M | 10.6% | -12.7% |
| Total revenue | $2.55B | 100% | — |
HWM revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Aerospace - Commercial | $770.0M | 30.2% | +37.0% |
| Gas Turbines | $321.0M | 12.6% | +37.8% |
| Aerospace - Defense | $250.0M | 9.8% | +16.8% |
| Other | $32.0M | 1.3% | +10.3% |
| Total revenue | $2.55B | 100% | — |
HWM revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| UNITED STATES | $4.38B | 53.0% | +17.9% |
| Other Geographical Regions | $1.02B | 12.4% | +9.0% |
| France | $625.0M | 7.6% | -7.8% |
| Japan | $513.0M | 6.2% | +44.5% |
| Germany | $439.0M | 5.3% | -4.1% |
| UK | $376.0M | 4.6% | +7.4% |
| Italy | $264.0M | 3.2% | -8.0% |
| Canada | $187.0M | 2.3% | +7.5% |
| Mexico | $166.0M | 2.0% | -24.5% |
| Poland | $150.0M | 1.8% | -1.3% |
| China | $130.0M | 1.6% | +26.2% |
| Total revenue | $8.25B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HWM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alcoa Corp (AA) | “The remaining guarantee, which had a fair value of $5 and $6 as of December 31, 2025 and 2024, respectively, relates to a long-term energy supply agreement that expires in 2047 at an Alcoa Corporation facility, for which the Company is secondarily liable in the event of a payment default by Alcoa Corporation.” |
| Partner | STANLEY BLACK & DECKER, INC. (SWK) | “On December 22, 2025, the Company entered into an agreement with Stanley Black & Decker, Inc. ("Stanley Black & Decker") to acquire Consolidated Aerospace Manufacturing, LLC ("CAM"), a wholly owned subsidiary of Stanley Black & Decker, for a cash purchase price of approximately $1.8 billion (the "Proposed CAM Acquisition").” |
Quoted from the company's 10-K filed Feb 12, 2026.
HWM customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (14%, 10%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
HWM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.37 | $1.26 | +8.7% | $2.59B | 19 |
| Next quarter (ends Dec 2026) | $1.42 | $1.32 | +7.7% | $2.67B | 17 |
| Current fiscal year (ends Dec 2026) | $5.34 | $5.06 | +5.6% | $10.11B | 22 |
| Next fiscal year (ends Dec 2027) | $6.50 | $6.05 | +7.5% | $11.54B | 20 |
HWM options: expected move
Options price a move of about ±9.5% (±$18.35) by Oct 30, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±5.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 79.7% | ±9.5% |
| Nov 6, 2026 | 14 | 62.7% | ±10.2% |
| Nov 13, 2026 | 21 | 57.5% | ±11.3% |
| Nov 20, 2026 | 28 | 54.4% | ±12.3% |
| Nov 27, 2026 | 35 | 51.2% | ±12.8% |
| Dec 4, 2026 | 42 | 47.3% | ±13.0% |
| Dec 18, 2026 | 56 | 46.9% | ±14.8% |
| Jan 15, 2027 | 84 | 42.8% | ±16.5% |
30-day implied volatility 51.3% vs 31.8% realized over the last 30 trading days. Put/call ratio (volume) 2.57. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:41 UTC)
| Price | USD 193.29 |
|---|---|
| Change | ▼ 7.14% (down) |
| Previous Close | USD 208.15 |
| Open | USD 203.26 |
| Day Range | USD 190.32 – 203 |
| 52-Week Range | USD 188.83 – 310 |
| Volume | 6,608,219 shares |
| Market Cap | $77.08B |
| Exchange | NYQ |
Technical Analysis (HWM)
Nexqual's technical model rates HWM "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 08:41 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 19.36 (oversold) |
| vs SMA50 | Below (USD 239.8) |
| MACD | -8.71 (negative) |
Analyst Ratings (HWM)
Wall Street analysts rate HWM "Buy" based on 22 analysts, with a mean price target of USD 324.55 (range USD 255–377), per Nexqual as of October 23, 2026 at 08:41 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 22 |
| Mean Target | USD 324.55 |
| High Target | USD 377 |
| Low Target | USD 255 |
| Buy / Hold / Sell | 19 / 3 / 0 |
Earnings (HWM)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.37 |
| Revenue Estimate | $2.59B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.33 vs est 1.25 ▲ beat |
| 2026-03-31 | USD 1.22 vs est 1.11 ▲ beat |
| 2025-12-31 | USD 1.05 vs est 0.97 ▲ beat |
| 2025-09-30 | USD 0.95 vs est 0.91 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:41 UTC.
Financials & Fundamentals (HWM)
| Total Revenue | $9.12B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +24.10% |
| Gross Margin | +36.03% |
| Operating Margin | +28.50% |
| Profit Margin | +20.52% |
| ROE | +34.73% |
| Debt / Equity | 0.81 |
| Current Ratio | 1.82 |
| Total Cash | $563.00M |
| Total Debt | $4.66B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.79B (19.6% of revenue) |
Source: Nexqual, October 23, 2026 at 08:41 UTC.
Financial Health Score (HWM)
Nexqual rates Howmet Aerospace Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 08:41 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 36%, operating 29% (last 12 months) |
| Balance Sheet | Mixed — $563M cash and investments vs $4.50B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $1.79B (last 4 quarters to Jun 2026, SEC), 20% margin |
| Efficiency | Strong — ROE 35%, ROA 12.8% |
Ownership (HWM)
| Insider Ownership | +0.88% |
|---|---|
| Institutional Ownership | +93.46% |
| Shares Outstanding | 398.80M |
| Float | 395.22M |
| Short % of Float | +2.57% |
Source: Nexqual, October 23, 2026 at 08:41 UTC.
Leadership (HWM)
Howmet Aerospace Inc. is led by John C. Plant FCA, Executive Chairman & CEO, per Nexqual as of October 23, 2026 at 08:41 UTC.
| Executive Chairman & CEO | John C. Plant FCA |
|---|---|
| Executive VP & CFO | Patrick Joseph Winterlich |
| Vice President of Finance, Strategy & Operations | W. Paul Myron |
| Vice President of Investor Relations | Paul Thomas Luther |
| President of Forged Wheels | Randall Scheps |
Major Backers & Investors (HWM)
Notable institutional backers of Howmet Aerospace Inc. include JPMorgan, FMR, LLC, Price (T.Rowe) Associates Inc, according to Nexqual as of October 23, 2026 at 08:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| JPMorgan | 4.64% |
| FMR, LLC | 3.85% |
| Price (T.Rowe) Associates Inc | 3.38% |
| Bank of America Corporation | 2.57% |
| NORGES BANK | 1.97% |
| Fidelity | 1.3% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.45% |
| Vanguard Group | 11.17% |
| State Street | 4.73% |
| Geode Capital | 2.38% |
Source: Nexqual, October 23, 2026 at 08:41 UTC.
From Howmet Aerospace Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)
Key Strengths & Strategy (as disclosed to the SEC)
- The Company produces a range of high performance multi-materials, highly engineered products, and vertically integrated machined solutions for aero engines and airframe structures, ranging from investment castings, advanced coatings, seamless rings, forgings, titanium extrusions, and titanium mill products, to fasteners that hold aircraft together.
- Engineered Structures produces titanium ingots and mill products for aerospace and defense applications and is vertically integrated to produce titanium forgings, titanium extrusions, and machining services for airframe, wing, aero-engine, and landing gear components.
- Our proprietary Dura-Bright® surface treatment resists corrosion and significantly reduces maintenance requirements, helping fleets maintain a professional appearance while lowering operational costs.
Partnerships
- On December 22, 2025, the Company entered into an agreement with Stanley Black & Decker, Inc. ("Stanley Black & Decker") to acquire Consolidated Aerospace Manufacturing, LLC ("CAM"), a wholly owned subsidiary of Stanley Black & Decker, for a cash purchase price of approximately $1.8 billion (the "Proposed CAM Acquisition").
Legal & Regulatory Risks (Item 1A, quoted)
- Our business may be adversely affected if we fail to comply with government contracting regulations.
- Increased concern over climate change has led to new and proposed legislative and regulatory initiatives, such as cap-and-trade systems and additional limits on emissions of greenhouse gases, which in turn may trigger customer decarbonization requirements.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NOC | Northrop Grumman Corporation | USD 552.35 | ▲ 2.42% |
| GD | General Dynamics Corporation | USD 350.79 | ▲ 1.76% |
| TDG | Transdigm Group Incorporated | USD 1,141.74 | ▲ 1.09% |
| HONA | Honeywell Aerospace Inc. | USD 163.02 | ▲ 0.34% |
| LHX | L3Harris Technologies, Inc. | USD 254.23 | ▲ 2.7% |
| LMT | Lockheed Martin Corporation | USD 589.91 | ▲ 6.96% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt