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 |
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
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
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
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
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'
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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