Howmet Aerospace Inc. (HWM) is listed on NYSE and operates in the Industrial - Machinery industry (Industrials sector).
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, as well as commercial transportation, industrial, and other 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.
| Rating | Analysts |
|---|---|
| Strong Buy | 0 |
| Buy | 20 |
| Hold | 3 |
| Sell | 1 |
| Strong Sell | 0 |
Howmet Aerospace Inc., founded in 1888 and headquartered in Pittsburgh, Pennsylvania, specializes in advanced engineered solutions for the aerospace and transportation sectors. Operating globally, including in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, and China, the company is structured into four main segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
The Engine Products segment provides airfoils, seamless rolled rings, rotating parts, and structural components primarily for aircraft engines and industrial gas turbines. The Fastening Systems segment manufactures fastening systems for aerospace, commercial transportation, and industrial applications. The Engineered Structures segment supplies titanium ingots and mill products for aerospace and defense, along with aluminum and nickel forgings, and machined components. The Forged Wheels segment focuses on producing forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets.
Previously known as Arconic Inc., Howmet Aerospace continues to serve a diverse international clientele with its specialized industrial machinery offerings.
Over the past three fiscal years, the company has demonstrated robust growth and improved profitability. Revenue consistently increased at an 11.5% CAGR, rising from $6.64 billion in 2023 to $8.25 billion in 2025. This growth was accompanied by significant margin expansion, with gross margin improving by 6.4pp to 30.7%, operating margin by 7.1pp to 25.8%, and net margin by 6.8pp to 18.3%. Such improvements indicate effective operating leverage as the company scaled its operations. Earnings per share (EPS) surged at a remarkable 42.4% CAGR, from $1.83 to $3.71, further amplified by a slight reduction in share count, enhancing per-share value. Cash generation also strengthened, with operating cash flow (OCF) and free cash flow (FCF) growing at 44.6% and 44.9% CAGRs, respectively, leading to a FCF margin increase of 7.1pp to 17.3%. The company's net debt decreased consistently, from $3.23 billion to $2.31 billion, reflecting improved financial health. Additionally, the return on invested capital (ROIC) increased to 22.8%, underscoring efficient capital utilization. The company's liquidity remains strong, with a current ratio of 2.13 and a quick ratio of 1.09, while interest coverage improved to 14.1x, indicating a solid ability to meet financial obligations. Overall, the company has effectively leveraged its growth to enhance profitability and cash flow, while maintaining a strong balance sheet.
Howmet Aerospace Inc. is set to announce its first quarter 2026 financial results on May 7, 2026, with materials available on their website at 7:00 AM ET. This announcement follows recent institutional trading activity, where Lbp Am Sa sold 49,033 shares, reducing its holdings to a value of $3,991,000. Conversely, Freestone Capital Holdings LLC acquired a new stake valued at approximately $212,000. In leadership news, Howmet appointed Jonathan Arena as Executive Vice President, Chief Legal and Compliance Officer, and Secretary, based at the company's global headquarters in Pittsburgh. Analyst sentiment remains positive, with Zacks Investment Research highlighting Howmet as a strong momentum stock. The company's robust performance in the defense aerospace sector and its potential for sustained growth amid rising commercial aerospace demand are noted as key factors driving its market momentum. These developments underscore Howmet's strategic positioning and investor interest as it prepares to release its upcoming financial results.