Howmet Aerospace
Makes engineered metal components and fasteners for aircraft, gas turbines, and commercial vehicles.
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Profile
Supplies superalloy engine components, aerospace fasteners and fluid fittings, titanium and aluminum airframe structures, and forged commercial-vehicle wheels. Revenue is anchored in commercial and defense aerospace, while aircraft build rates, engine-spares demand, customer qualifications, and concentrated relationships with major engine makers shape the business.
Supplies precision-engineered metal components through Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. Products include superalloy airfoils, rings, and disks for aircraft engines and gas turbines; aerospace and industrial fasteners and fluid fittings; titanium and aluminum airframe structures; and Alcoa Wheels-branded forged aluminum wheels for commercial vehicles.
Combines materials science with complex casting, forging, machining, and coatings across a global manufacturing footprint, with most sales shipped from North America and Europe. Demand is anchored in commercial and defense aerospace, with additional exposure to gas turbines and commercial transportation. Results depend on aircraft production and engine-spares demand, defense spending, qualified manufacturing continuity, major engine customers including GE Aerospace and RTX, and supplies of titanium, nickel, cobalt, aluminum, and specialized alloys.
Company facts
Key statistics
Year to date +25.1% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | Bernstein | Reiterate | Outperform | $318 | $328 |
| Aug 10, 2026 | Morgan Stanley | Reiterate | Overweight | $315 | $335 |
| Aug 10, 2026 | Wells Fargo | Reiterate | Outperform | $118 | $315 |
| Aug 9, 2026 | Jefferies | Reiterate | Buy | $340 | $370 |
| Aug 7, 2026 | RBC Capital | Reiterate | Outperform | $300 | $350 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.24 | $1.33 | +7.3% | $2.43B | $2.55B | +4.9% | −0.58% |
| May 7, 2026Q1 FY26 | $1.11 | $0.86 | −22.5% | $2.24B | $2.31B | +3.3% | −0.73% |
| Feb 12, 2026Q4 FY25 | $0.97 | $1.05 | +8.8% | $2.12B | $2.17B | +2.1% | +2.21% |
| Oct 30, 2025Q3 FY25 | $0.91 | $0.95 | +4.4% | $2.04B | $2.09B | +2.3% | +2.07% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.94B | $2.05B | $2.09B | $2.17B | $2.31B | $2.55B | |
| Gross profit | $583.0M | $619.0M | $652.0M | $683.0M | $854.0M | $951.0M | |
| Operating income | $490.0M | $521.0M | $542.0M | $577.0M | $753.0M | $711.0M | |
| Net income | $344.0M | $407.0M | $385.0M | $372.0M | $580.0M | $534.0M | |
| Diluted EPS | $0.84 | $1.00 | $0.95 | $0.92 | $1.44 | $1.33 | |
| Gross margin | 30.0% | 30.2% | 31.2% | 31.5% | 36.9% | 37.3% | |
| Operating margin | 25.2% | 25.4% | 25.9% | 26.6% | 32.6% | 27.9% |
Fiscal years (4-quarter sums)FY21 $4.97B · FY22 $5.66B · FY23 $6.64B · FY24 $7.43B · FY25 $8.25B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $563.0M · Total debt $4.51B · Total assets $13.25B · Shareholders' equity $5.73B
Dividends
Raised for 4 straight years — most recently to $0.14 from $0.12 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 25 | $0.14 | raised from $0.12 |
| May 8, 2026 | May 8 | May 26 | $0.12 | |
| Feb 6, 2026 | Feb 6 | Feb 25 | $0.12 | |
| Nov 7, 2025 | Nov 7 | Nov 25 | $0.12 | |
| Aug 8, 2025 | Aug 8 | Aug 25 | $0.12 | raised from $0.10 |
| May 9, 2025 | May 9 | May 27 | $0.10 | |
| Feb 7, 2025 | Feb 7 | Feb 25 | $0.10 | raised from $0.08 |
| Nov 8, 2024 | Nov 8 | Nov 25 | $0.08 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 400.11M · Float 396.01M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 45.82M | 11.45% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 26.14M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 18.93M | 4.73% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 18.56M | 4.64% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 18.55M | 4.64% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 11, 2026 | Neil Edward Marchuk | officer: EVP, CAO | −41,932 | $269.50 |
| Feb 26, 2026 | Barbara Lou Shultz | officer: Vice President and Controller | −1,000 | $260.01 |
| Feb 18, 2026 | Neil Edward Marchuk | officer: EVP, CAO | −45,150 | $251.70 |
Peers
- GE Aerospace
Engine OEM and top customer — captive casting/forging vertical integration risk.
- RTX
P&W captive engine parts + Collins fasteners — co-largest customer and rival.
- ATI
Ti alloys, nickel superalloys, precision forgings — named rival in HWM 10-K.
- TransDigm Group
Sole-source aerospace fasteners and airframe parts — aftermarket pricing power.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Howmet Aerospace | $265.80 | +0.39% | $105.97B | 57.1 | 45.5 | 11.6 | +24.1% |
| GE Aerospace | $343.00 | +0.11% | $355.45B | 40.4 | 40.7 | 7.0 | +14.6% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| ATI | $211.00 | +0.11% | $28.76B | 61.8 | 38.8 | 6.1 | +10.6% |
| TransDigm Group | $1,185.97 | +0.05% | $66.34B | 36.0 | 25.4 | 6.6 | +22.6% |
| Median | 38.9 | 33.8 | 6.4 | +14.6% |