Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High Following Better-Than-Expected Earnings

Shares of Howmet Aerospace Inc. (NYSE:HWM) hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $310.00 and last traded at $301.3860, with a volume of 357276 shares trading hands. The stock had previously closed at $291.42.

The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 24.1% compared to the same quarter last year. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is 12.99%.

Trending Headlines about Howmet Aerospace

Here are the key news stories impacting Howmet Aerospace this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates. Howmet reported adjusted and GAAP EPS of $1.33, exceeding the $1.24 consensus, while revenue rose 24% year over year to $2.547 billion versus expectations of $2.43 billion. Organic growth was 21%. Howmet Aerospace Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability and cash flow improved substantially. Operating margin expanded 250 basis points to 27.9%, adjusted EBITDA increased 39% to $817 million, operating cash flow rose 31% to $583 million, and free cash flow jumped 39% to $479 million. Howmet Aerospace Inc. Q2 2026 Earnings
• Positive Sentiment: Management raised its full-year and near-term forecasts. Full-year 2026 EPS guidance increased to $5.23-$5.31, above the $5.06 consensus, with revenue projected at $10.0-$10.1 billion. Third-quarter EPS guidance of $1.34-$1.36 and revenue guidance of approximately $2.6 billion also exceed analyst expectations. Howmet Aerospace rises on earnings beat, gas-turbine demand
• Positive Sentiment: Capital returns and balance-sheet actions added support. Howmet repurchased $300 million of common stock, raised its quarterly dividend 17% to $0.14 per share, and reduced annualized interest expense by $12 million through debt repayment and a currency swap. The company also completed its approximately $1.8 billion CAM acquisition, which may broaden growth opportunities. Howmet: Q2 Earnings Snapshot
• Neutral Sentiment: Commercial aerospace and gas-turbine demand remain key growth drivers, but investors will continue monitoring transportation weakness, supply-chain constraints and the execution of the CAM integration. HWM also trades near its 12-month high at a valuation above historical market averages, leaving less room for execution disappointments.

Analysts Set New Price Targets

A number of analysts have weighed in on HWM shares. Citigroup boosted their price target on Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Morgan Stanley reissued an “overweight” rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. Susquehanna raised their price objective on Howmet Aerospace from $300.00 to $330.00 and gave the company a “positive” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, BTIG Research upped their target price on Howmet Aerospace from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.33.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the transaction, the executive vice president owned 65,105 shares of the company’s stock, valued at approximately $17,545,797.50. The trade was a 39.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

Institutional Trading of Howmet Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of HWM. Newbridge Financial Services Group Inc. raised its position in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after buying an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $25,000. West Paces Advisors Inc. acquired a new stake in Howmet Aerospace during the second quarter worth about $27,000. Sound Income Strategies LLC grew its position in Howmet Aerospace by 66.7% during the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after buying an additional 50 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new position in Howmet Aerospace during the fourth quarter valued at about $28,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 3.3%

The firm has a 50 day moving average of $271.75 and a 200-day moving average of $253.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The stock has a market capitalization of $120.47 billion, a P/E ratio of 69.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.20.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.