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. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating parts, as well as structural parts. The Fastening Systems segment produces aerospace fastening systems and commercial transportation fasteners. The Engineered Structures segment provides titanium ingots and mill products for aerospace and defense applications; and aluminum and nickel forgings, and machined components and assemblies. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. The company was founded in 1888 and is based in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: howmet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/15/2025 | $118.00 | Overweight → Equal Weight | Wells Fargo |
| 4/9/2025 | Sell → Neutral | Northcoast | |
| 10/24/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 10/8/2024 | $120.00 | Positive | Susquehanna |
| 6/26/2024 | $95.00 | Buy | BTIG Research |
| 3/18/2024 | $75.00 | Outperform | RBC Capital Mkts |
| 1/10/2024 | $47.00 → $74.00 | Hold → Buy | Truist |
| 1/5/2024 | $67.00 | Outperform | Bernstein |
| 10/11/2023 | $51.00 | Neutral | UBS |
| 10/5/2023 | Neutral | Northcoast |
Record Revenue Up 6% Year Over Year, Record Profit, Strong Cash from Operations $125 Million Deployed for Common Stock Repurchases, Additional $100 Million in April Full Year 2025 Guidance1: Revenue Range Widened, Increases to Adj. EBITDA*, Adj. EPS*, Free Cash Flow Howmet Aerospace (NYSE:HWM): First Quarter 2025 GAAP Financial Results Revenue of $1.94 billion, up 6% year over year, driven by Commercial Aerospace, up 9% Operating Income Margin of 25.4% Net Income of $344 million versus $243 million in the first quarter 2024; Earnings per Share of $0.84 versus $0.59 in the first quarter 2024 Generated $253 million of Cash from Operations; $167 million of Cash used for Financing A
Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2025 financial results on Thursday, May 1, 2025. The press release and presentation materials will be available at approximately 7:00 AM ET on May 1, 2025, via the "Investors" section of the Howmet Aerospace website. The conference call and webcast will begin at 10:00 AM ET. Details of both follow. Conference Call Information: Day: Thursday, May 1, 2025 Time: 10:00 AM ET Hosts: John Plant, Executive Chairman and Chief Executive Officer Ken Giacobbe, Executive Vice President and Chief Financial Officer Call: U.S. Toll Free: + 1-844-481-2703 International Toll:
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 10 cents per share on the outstanding Common Stock of the Company, to be paid on May 27, 2025 to the holders of record of the Common Stock at the close of business on May 9, 2025; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on July 1, 2025 to the holders of record of the Class A Stock at the close of business on June 13, 2025. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportati
Howmet Aerospace Inc. (NYSE:HWM) announced today that John C. Plant, Chairman and Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will participate in the Bank of America Global Industrials Conference in London, UK, on March 18, 2025, at 10:50 AM ET. A link to the real-time audio webcast of the event will be available on the "Investors/Events and Presentations" section of www.howmet.com, where a webcast replay will be available for 30 days following the presentation. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and tra
FY 2024: Revenue Up 12% Year Over Year; Record Revenue, Profit and Cash Generation FY 2024: Approx. $975 Million Deployed for Common Stock Repurchases, Debt Reduction, and Dividends Q1 2025: Increased Common Stock Dividend 25% from Fourth Quarter 2024 FY 2025: Raising Revenue Growth Guidance to ~8% YoY; Expect Improved Profit and Cash Generation Howmet Aerospace (NYSE:HWM): Fourth Quarter 2024 GAAP Financial Results Revenue of $1.9 billion, up 9% year over year, driven by Commercial Aerospace, up 13% Net Income of $314 million versus $236 million in the fourth quarter 2023; Earnings Per Share of $0.77 versus $0.57 in the fourth quarter 2023 Operating Income Margin of 23.5
Howmet Aerospace Inc. (NYSE:HWM) announced today that John C. Plant, Chairman and Chief Executive Officer, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Barclays Annual Industrial Select Conference on Wednesday, February 19, 2025, at 7:30 AM ET. A real-time webcast of the event will be available on the "Investors/Events and Presentations" section of www.howmet.com, where a webcast replay will be available for 90 days following the presentation. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Th
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 10 cents per share on the outstanding Common Stock of the Company, to be paid on February 25, 2025 to the holders of record of the Common Stock at the close of business on February 7, 2025; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on April 1, 2025 to the holders of record of the Class A Stock at the close of business on March 14, 2025. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace an
Howmet Aerospace Inc. (NYSE:HWM) will announce its fourth quarter and full year 2024 financial results on Thursday, February 13, 2025. The press release and presentation materials will be available at approximately 7:00 AM ET on February 13, 2025, via the "Investors" section of the Howmet Aerospace website. The conference call and webcast will begin at 10:00 AM ET. Details of both follow. Conference Call Information: Day: Thursday, February 13, 2025 Time: 10:00 AM ET Hosts: John Plant, Executive Chairman and Chief Executive Officer Ken Giacobbe, Executive Vice President and Chief Financial Officer Call: U
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on January 1, 2025, to the holders of record of the Class A Stock at the close of business on December 13, 2024. About Howmet Aerospace 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 airframe structural components necessary for mission-critical performance and effic
Revenue Up 11% Year Over Year; Strong Profit and Cash from Operations $282 Million Debt Reduction; $100 Million Deployed for Common Stock Repurchases 2025 Preliminary Revenue Guidance: Up Approximately 7.5% Year over Year Howmet Aerospace (NYSE:HWM): Third Quarter 2024 GAAP Financial Results Revenue of $1.84 billion, up 11% year over year, driven by commercial aerospace, up 17%, partially offset by commercial transportation, down 12% Net income of $332 million versus $188 million in the third quarter 2023; earnings per share of $0.81 versus $0.45 in the third quarter 2023 Operating income margin of 22.9% Generated $244 million of cash from operations; $441 million of cash used f
PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Inc. (NYSE:HWM) announces that its Board of Directors has elected Sharon Barner, Vice-President, Chief Legal Officer and Corporate Secretary for Cummins Inc., to serve as an independent director on the Board, effective April 1, 2021. “Sharon brings to the Howmet Board extensive business and legal perspectives that will be complementary to our current board and which are highly valued in our evolving, competitive environment,” said John C. Plant, Chairman and Co-Chief Executive Officer. Ms. Barner has more than 30 years of experience as an international business leader and lawyer in the technology, automotive and life sciences industrie
Record Revenue Up 6% Year Over Year, Record Profit, Strong Cash from Operations $125 Million Deployed for Common Stock Repurchases, Additional $100 Million in April Full Year 2025 Guidance1: Revenue Range Widened, Increases to Adj. EBITDA*, Adj. EPS*, Free Cash Flow Howmet Aerospace (NYSE:HWM): First Quarter 2025 GAAP Financial Results Revenue of $1.94 billion, up 6% year over year, driven by Commercial Aerospace, up 9% Operating Income Margin of 25.4% Net Income of $344 million versus $243 million in the first quarter 2024; Earnings per Share of $0.84 versus $0.59 in the first quarter 2024 Generated $253 million of Cash from Operations; $167 million of Cash used for Financing A
Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2025 financial results on Thursday, May 1, 2025. The press release and presentation materials will be available at approximately 7:00 AM ET on May 1, 2025, via the "Investors" section of the Howmet Aerospace website. The conference call and webcast will begin at 10:00 AM ET. Details of both follow. Conference Call Information: Day: Thursday, May 1, 2025 Time: 10:00 AM ET Hosts: John Plant, Executive Chairman and Chief Executive Officer Ken Giacobbe, Executive Vice President and Chief Financial Officer Call: U.S. Toll Free: + 1-844-481-2703 International Toll:
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 10 cents per share on the outstanding Common Stock of the Company, to be paid on May 27, 2025 to the holders of record of the Common Stock at the close of business on May 9, 2025; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on July 1, 2025 to the holders of record of the Class A Stock at the close of business on June 13, 2025. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportati
FY 2024: Revenue Up 12% Year Over Year; Record Revenue, Profit and Cash Generation FY 2024: Approx. $975 Million Deployed for Common Stock Repurchases, Debt Reduction, and Dividends Q1 2025: Increased Common Stock Dividend 25% from Fourth Quarter 2024 FY 2025: Raising Revenue Growth Guidance to ~8% YoY; Expect Improved Profit and Cash Generation Howmet Aerospace (NYSE:HWM): Fourth Quarter 2024 GAAP Financial Results Revenue of $1.9 billion, up 9% year over year, driven by Commercial Aerospace, up 13% Net Income of $314 million versus $236 million in the fourth quarter 2023; Earnings Per Share of $0.77 versus $0.57 in the fourth quarter 2023 Operating Income Margin of 23.5
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 10 cents per share on the outstanding Common Stock of the Company, to be paid on February 25, 2025 to the holders of record of the Common Stock at the close of business on February 7, 2025; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on April 1, 2025 to the holders of record of the Class A Stock at the close of business on March 14, 2025. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace an
Howmet Aerospace Inc. (NYSE:HWM) will announce its fourth quarter and full year 2024 financial results on Thursday, February 13, 2025. The press release and presentation materials will be available at approximately 7:00 AM ET on February 13, 2025, via the "Investors" section of the Howmet Aerospace website. The conference call and webcast will begin at 10:00 AM ET. Details of both follow. Conference Call Information: Day: Thursday, February 13, 2025 Time: 10:00 AM ET Hosts: John Plant, Executive Chairman and Chief Executive Officer Ken Giacobbe, Executive Vice President and Chief Financial Officer Call: U
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on January 1, 2025, to the holders of record of the Class A Stock at the close of business on December 13, 2024. About Howmet Aerospace 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 airframe structural components necessary for mission-critical performance and effic
Revenue Up 11% Year Over Year; Strong Profit and Cash from Operations $282 Million Debt Reduction; $100 Million Deployed for Common Stock Repurchases 2025 Preliminary Revenue Guidance: Up Approximately 7.5% Year over Year Howmet Aerospace (NYSE:HWM): Third Quarter 2024 GAAP Financial Results Revenue of $1.84 billion, up 11% year over year, driven by commercial aerospace, up 17%, partially offset by commercial transportation, down 12% Net income of $332 million versus $188 million in the third quarter 2023; earnings per share of $0.81 versus $0.45 in the third quarter 2023 Operating income margin of 22.9% Generated $244 million of cash from operations; $441 million of cash used f
Howmet Aerospace Inc. (NYSE:HWM) will announce its third quarter 2024 financial results on Wednesday, November 6, 2024. The press release and presentation materials will be available at approximately 7:00 AM ET on November 6, 2024, via the "Investors" section of the Howmet Aerospace website. The conference call and webcast will begin at 10:00 AM ET. Details of both follow. Conference Call Information: Day: Wednesday, November 6, 2024 Time: 10:00 AM ET Hosts: John Plant, Executive Chairman and Chief Executive Officer Ken Giacobbe, Executive Vice President and Chief Financial Officer Call: U.S. Toll Free: + 1-844-481-2703
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared a dividend of 8 cents per share on the outstanding Common Stock of the Company, to be paid on November 25, 2024 to the holders of record of the Common Stock at the close of business on November 8, 2024. About Howmet Aerospace 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 airframe structural components necessary for mission-critical performance and efficiency in aerospace and defense applications, a
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Wells Fargo downgraded Howmet Aerospace from Overweight to Equal Weight and set a new price target of $118.00
Northcoast upgraded Howmet Aerospace from Sell to Neutral
KeyBanc Capital Markets downgraded Howmet Aerospace from Overweight to Sector Weight
Susquehanna initiated coverage of Howmet Aerospace with a rating of Positive and set a new price target of $120.00
BTIG Research initiated coverage of Howmet Aerospace with a rating of Buy and set a new price target of $95.00
RBC Capital Mkts initiated coverage of Howmet Aerospace with a rating of Outperform and set a new price target of $75.00
Truist upgraded Howmet Aerospace from Hold to Buy and set a new price target of $74.00 from $47.00 previously
Bernstein initiated coverage of Howmet Aerospace with a rating of Outperform and set a new price target of $67.00
UBS initiated coverage of Howmet Aerospace with a rating of Neutral and set a new price target of $51.00
Northcoast initiated coverage of Howmet Aerospace with a rating of Neutral
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