Howmet Aerospace (NYSE:HWM) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Howmet Aerospace (NYSE:HWM) released its quarterly earnings data on Thursday. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11, FiscalAI reports. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. Howmet Aerospace updated its FY 2026 guidance to 4.880-5.000 EPS and its Q2 2026 guidance to 1.220-1.240 EPS.

Here are the key takeaways from Howmet Aerospace’s conference call:

• Howmet reported a very strong Q1 with $2.31B sales, $740M adjusted EBITDA (a 32% margin, +320 bps YoY), $1.22 EPS, and record Q1 free cash flow of $359M, enabling $450M of share repurchases in Q1–April.
• Management raised confidence for 2026 and provided guidance of $9.65B revenue, $3.06B EBITDA and $1.75B free cash flow, noting full?year organic growth (ex M&A) has been increased to ~14%.
• Strategic portfolio moves: closed the CAM fastener acquisition (~$1.8B) and Brunner (~$120M), sold the Savannah disc forgings for $230M—CAM expands fastener offerings and adds ~ $275M revenue / ~$60M EBITDA for 2026 but was debt?funded, taking net leverage to ~1.6x with management targeting rapid deleveraging.
• End?market trends remain strong—commercial aerospace (+20% overall; engine spares +48%), gas turbines (+39%), and defense (+10%) drove performance, with spares now ~23% of company revenue, and continued CapEx to scale engine/gas turbine capacity.
• Management flagged macro risks from the Iran situation and related oil?price shock, which could increase inflation, interest?rate and FX volatility and create downside uncertainty for demand and supply chains.

Howmet Aerospace Stock Performance

NYSE HWM traded down $2.21 during mid-day trading on Friday, reaching $270.33. 3,186,283 shares of the stock were exchanged, compared to its average volume of 2,382,769. The business’s 50 day moving average is $245.89 and its 200-day moving average is $223.56. Howmet Aerospace has a 1 year low of $154.72 and a 1 year high of $280.74. The company has a market capitalization of $108.32 billion, a P/E ratio of 62.72, a P/E/G ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.09 and a current ratio of 2.44.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 11.14%.

Insiders Place Their Bets

In related news, VP Barbara Lou Shultz sold 1,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00. Following the sale, the vice president directly owned 23,874 shares of the company’s stock, valued at approximately $6,207,240. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Neil Edward Marchuk sold 45,150 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $251.70, for a total transaction of $11,364,255.00. Following the sale, the executive vice president directly owned 107,008 shares in the company, valued at $26,933,913.60. This trade represents a 29.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its position in Howmet Aerospace by 2.6% during the fourth quarter. UMB Bank n.a. now owns 1,620 shares of the company’s stock worth $332,000 after acquiring an additional 41 shares during the period. Parkside Financial Bank & Trust raised its position in Howmet Aerospace by 4.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,077 shares of the company’s stock worth $221,000 after acquiring an additional 42 shares during the period. Truvestments Capital LLC raised its position in Howmet Aerospace by 25.1% during the fourth quarter. Truvestments Capital LLC now owns 224 shares of the company’s stock worth $46,000 after acquiring an additional 45 shares during the period. Equitable Holdings Inc. raised its position in Howmet Aerospace by 1.8% during the fourth quarter. Equitable Holdings Inc. now owns 3,010 shares of the company’s stock worth $617,000 after acquiring an additional 52 shares during the period. Finally, Vermillion & White Wealth Management Group LLC raised its position in Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after acquiring an additional 54 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace News Roundup

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

• Positive Sentiment: Howmet reported first-quarter revenue of $2.31 billion and adjusted EPS of $1.22, both above Wall Street estimates, with revenue up 19% year over year and record cash generation. Howmet Aerospace Reports First Quarter 2026 Results
• Positive Sentiment: The company raised full-year 2026 guidance, signaling confidence in demand and profitability; guidance now implies stronger EPS and revenue than analysts expected. Howmet Aerospace Reports First Quarter 2026 Results
• Positive Sentiment: Several firms turned more optimistic on the stock, including BNP Paribas Exane, which reaffirmed an outperform rating and lifted its price target to $340 from $265, and Susquehanna and BTIG, which also raised targets. Analyst update via Benzinga
• Positive Sentiment: Coverage highlighted a breakout in the shares after the earnings beat and upgraded outlook, reinforcing the view that demand is driving the company’s growth narrative. Howmet Aerospace scores breakout after demand-fueled beat, lifted guidance
• Neutral Sentiment: Howmet also completed the acquisition of Consolidated Aerospace Manufacturing, which expands its aerospace footprint and adds to its long-term growth story, though the immediate stock impact is less clear. Howmet Aerospace Reports First Quarter 2026 Results

Analysts Set New Price Targets

Several analysts have recently commented on HWM shares. UBS Group upped their price objective on shares of Howmet Aerospace from $260.00 to $290.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report on Friday. Truist Financial set a $280.00 price objective on shares of Howmet Aerospace in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $227.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $281.21.

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.