Howmet Aerospace (NYSE:HWM) Issues FY 2026 Earnings Guidance

Howmet Aerospace (NYSE:HWM) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 5.230-5.310 for the period, compared to the consensus estimate of 5.060. The company issued revenue guidance of $10.0 billion-$10.1 billion, compared to the consensus revenue estimate of $9.7 billion. Howmet Aerospace also updated its Q3 2026 guidance to 1.340-1.360 EPS.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $265.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Weiss Ratings downgraded Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Jefferies Financial Group lifted their target price on Howmet Aerospace from $320.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Citigroup upped their target price on shares of Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $315.00 price target on shares of Howmet Aerospace in a research report on Friday, May 8th. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $300.89.

Howmet Aerospace Price Performance

Shares of HWM traded down $6.66 during midday trading on Friday, reaching $283.06. The stock had a trading volume of 204,562 shares, compared to its average volume of 2,608,310. The company has a market capitalization of $113.25 billion, a price-to-earnings ratio of 65.89, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. The company has a current ratio of 2.44, a quick ratio of 1.59 and a debt-to-equity ratio of 0.73. Howmet Aerospace has a 12-month low of $169.45 and a 12-month high of $310.00. The company’s 50-day moving average is $272.33 and its 200 day moving average is $253.76.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.24 by $0.09. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a net margin of 20.23% and a return on equity of 29.27%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. 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. On average, equities analysts predict that Howmet Aerospace will post 5.05 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be issued a $0.14 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, August 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 11.14%.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 41,932 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total value of $11,300,674.00. Following the transaction, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. The trade was a 39.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is currently owned by insiders.

Key Stories Impacting Howmet Aerospace

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

• Positive Sentiment: Quarterly results exceeded expectations. Revenue increased 24% year over year to $2.55 billion, while EPS of $1.33 surpassed the $1.24 consensus estimate. Adjusted EPS rose 46% to $1.33, supported by strong aerospace and gas-turbine demand. Howmet Aerospace Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook above Wall Street estimates. Full-year EPS guidance is now $5.23-$5.31, versus consensus of $5.06, and revenue guidance is $10.0-$10.1 billion, compared with an estimated $9.7 billion. Third-quarter EPS guidance of $1.34-$1.36 also exceeds the $1.26 consensus. HWM Q2 Earnings Beat Estimates on Aerospace, Turbine Growth
• Positive Sentiment: Cash generation and shareholder returns improved. Operating cash flow rose 31% to $583 million and free cash flow increased 39% to $479 million. Howmet repurchased $300 million of stock, raised its quarterly dividend 17% to $0.14 per share, and reduced interest expense through debt refinancing.
• Positive Sentiment: Growth is being driven by rising commercial aircraft production and demand for gas-turbine components. The completed $1.8 billion CAM acquisition also expands Howmet’s aerospace capabilities. Howmet Aerospace Stock Hits New High as Earnings, Guidance, Cash Flow Impress
• Neutral Sentiment: Potential risks include transportation and supply-chain headwinds, while HWM’s elevated price-to-earnings ratio near 67 could encourage profit-taking despite the stronger outlook.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Howmet Aerospace by 1.6% during the 3rd quarter. State Street Corp now owns 17,964,662 shares of the company’s stock valued at $3,525,206,000 after buying an additional 278,587 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock valued at $3,409,936,000 after acquiring an additional 3,531,700 shares during the last quarter. Morgan Stanley raised its stake in shares of Howmet Aerospace by 0.7% during the fourth quarter. Morgan Stanley now owns 5,533,106 shares of the company’s stock valued at $1,134,398,000 after acquiring an additional 39,873 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Howmet Aerospace by 13.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,752,280 shares of the company’s stock worth $564,272,000 after purchasing an additional 323,206 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Howmet Aerospace by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,033 shares of the company’s stock worth $495,540,000 after purchasing an additional 15,721 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.