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 |
|---|---|---|---|
| 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 | |
| 9/28/2023 | $59.00 | Buy | Deutsche Bank |
| 7/25/2023 | $61.00 | Outperform | Robert W. Baird |
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) announced today that John C. Plant, Executive Chairman and Chief Executive Officer, will speak at the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024, at 1:00 PM 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. The Company's primary businesses focus on jet engine components, aeros
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
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 Jefferies Industrials Conference on Thursday, September 5, 2024, at 10:25 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. The Company'
Howmet Aerospace Inc. ("Howmet Aerospace" or the "Company") (NYSE:HWM) today announced that it has priced its underwritten public offering of $500 million aggregate principal amount of its 4.850% Notes due 2031 (the "Notes"). The offering is expected to close on August 22, 2024, subject to customary closing conditions. The Company intends to use the net proceeds from the offering, together with cash on hand, for the redemption of all of the outstanding principal amount of approximately $577 million of its 6.875% Notes due 2025. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running mana
Howmet Aerospace Inc. ("Howmet Aerospace" or the "Company") (NYSE:HWM) today announced the launch of a proposed offering of notes (the "Notes"). The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Company intends to use the net proceeds from the offering, together with cash on hand, for the redemption of all of the outstanding principal amount of approximately $577 million of its 6.875% Notes due 2025. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering. This press release does not constitute an offer to sel
Key Announcements On August 6, 2024, Moody's Ratings ("Moody's") upgraded Howmet Aerospace's senior unsecured ratings from Baa3 to Baa1. On August 6, 2024, Fitch Ratings ("Fitch") revised its Rating Outlook on Howmet Aerospace from Stable to Positive. Howmet Aerospace (NYSE:HWM) today reported the following actions taken by rating agencies Moody's and Fitch. On August 6, 2024, Moody's upgraded Howmet Aerospace's senior unsecured ratings from Baa3 to Baa1, the commercial paper ratings from P-3 to P-2, and the preferred stock ratings from Ba2 to Baa3. The senior unsecured rating change is a two-notch upgrade from the prior rating. The rating outlook was revised from positive to sta
Record Quarterly Revenue, Up 14% Year Over Year; Record Operating Income, Strong Cash Generation Common Stock Repurchase Authorization Increased by $2 Billion to $2.487 Billion Third Quarter 2024 Common Stock Dividend 60% Higher; 2025 Dividend Policy Payout Ratio 15% +/- 5%1 Full Year 2024 Guidance Raised for All Metrics Above Second Quarter 2024 Beat Howmet Aerospace (NYSE:HWM): Second Quarter 2024 GAAP Financial Results Revenue of $1.88 billion, up 14% year over year, driven by commercial aerospace, up 27% Net income of $266 million versus $193 million in the second quarter 2023; earnings per share of $0.65 versus $0.46 in the second quarter 2023 Operating income margin
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
Howmet Aerospace Inc. ("Howmet Aerospace" or the "Company") (NYSE:HWM) today announced the launch of a proposed offering of notes (the "Notes"). The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Company intends to use the net proceeds from the offering, together with cash on hand, for the redemption of all of the outstanding principal amount of approximately $577 million of its 6.875% Notes due 2025. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering. This press release does not constitute an offer to sel
Record Quarterly Revenue, Up 14% Year Over Year; Record Operating Income, Strong Cash Generation Common Stock Repurchase Authorization Increased by $2 Billion to $2.487 Billion Third Quarter 2024 Common Stock Dividend 60% Higher; 2025 Dividend Policy Payout Ratio 15% +/- 5%1 Full Year 2024 Guidance Raised for All Metrics Above Second Quarter 2024 Beat Howmet Aerospace (NYSE:HWM): Second Quarter 2024 GAAP Financial Results Revenue of $1.88 billion, up 14% year over year, driven by commercial aerospace, up 27% Net income of $266 million versus $193 million in the second quarter 2023; earnings per share of $0.65 versus $0.46 in the second quarter 2023 Operating income margin
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 8 cents per share on the outstanding Common Stock of the Company, to be paid on August 26, 2024 to the holders of record of the Common Stock at the close of business on August 9, 2024; 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 October 1, 2024 to the holders of record of the Class A Stock at the close of business on September 13, 2024. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace a
Howmet Aerospace Inc. (NYSE:HWM) will announce its second quarter 2024 financial results on Tuesday, July 30, 2024. The press release and presentation materials will be available at approximately 7:00 AM ET on July 30, 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: Tuesday, July 30, 2024 Time: 10:00 AM ET Hosts: John Plant, Executive Chairman and Chief Executive Officer Ken Giacobbe, Executive Vice President an
Record Quarterly Revenue, Up 14% Year Over Year; Strong Profit and Cash from Operations $150 Million Deployed for Common Stock Repurchases Full Year 2024 Guidance Increased Howmet Aerospace (NYSE:HWM): First Quarter 2024 GAAP Financial Results Revenue of $1.82 billion, up 14% year over year, driven by commercial aerospace, up 23% Net income of $243 million versus $148 million in the first quarter 2023; earnings per share of $0.59 versus $0.35 in the first quarter 2023 Operating income margin of 20.2% Generated $177 million of cash from operations; $178 million of cash used for financing activities; and $75 million of cash used for investing activities Share repurchase
The Board of Directors of Howmet Aerospace Inc. (NYSE:HWM) declared (a) a dividend of 5 cents per share on the outstanding Common Stock of the Company, to be paid on May 28, 2024 to the holders of record of the Common Stock at the close of business on May 10, 2024; and (b) a divided 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, 2024 to the holders of record of the Class A Stock at the close of business on June 14, 2024. About Howmet Aerospace Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportat
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
Deutsche Bank initiated coverage of Howmet Aerospace with a rating of Buy and set a new price target of $59.00
Robert W. Baird initiated coverage of Howmet Aerospace with a rating of Outperform and set a new price target of $61.00
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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
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Howmet Aerospace's (NYSE:HWM) short percent of float has risen 16.29% since its last report. The company recently reported that it has 11.04 million shares sold short, which is 3.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.93 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Benchmark analyst Josh Sullivan maintains Howmet Aerospace (NYSE:HWM) with a Buy and raises the price target from $53 to $85.
Howmet Aerospace (NYSE:HWM) has outperformed the market over the past 5 years by 19.09% on an annualized basis producing an average annual return of 32.12%. Currently, Howmet Aerospace has a market capitalization of $32.74 billion. Buying $1000 In HWM: If an investor had bought $1000 of HWM stock 5 years ago, it would be worth $4,069.11 today based on a price of $80.21 for HWM at the time of writing. Howmet Aerospace's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated con
BTIG analyst Andre Madrid initiates coverage on Howmet Aerospace (NYSE:HWM) with a Buy rating and announces Price Target of $95.
Howmet Aerospace (NYSE:HWM) has outperformed the market over the past 5 years by 20.09% on an annualized basis producing an average annual return of 33.55%. Currently, Howmet Aerospace has a market capitalization of $32.92 billion. Buying $1000 In HWM: If an investor had bought $1000 of HWM stock 5 years ago, it would be worth $4,263.94 today based on a price of $79.42 for HWM at the time of writing. Howmet Aerospace's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated con
Northcoast Research analyst Chris Olin downgrades Howmet Aerospace (NYSE:HWM) from Neutral to Sell and announces $70 price target.
Howmet Aerospace (NYSE:HWM) has outperformed the market over the past 5 years by 23.95% on an annualized basis producing an average annual return of 37.4%. Currently, Howmet Aerospace has a market capitalization of $34.38 billion. Buying $100 In HWM: If an investor had bought $100 of HWM stock 5 years ago, it would be worth $499.26 today based on a price of $84.23 for HWM at the time of writing. Howmet Aerospace's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content
Keybanc analyst Philip Gibbs maintains Howmet Aerospace (NYSE:HWM) with a Overweight and raises the price target from $70 to $90.