Howmet Aerospace (HWM)
Makes engineered metal components and fasteners for aircraft, gas turbines, and commercial vehicles.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Guggenheim | Initiate | Rating: —Target: — | Target: $350 |
| Sep 2, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $320 | Target: $343 |
| Aug 24, 2026 | Bernstein | Reiterate | Rating: —Target: $318 | Target: $328 |
| Aug 10, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $315 | Target: $335 |
| Aug 10, 2026 | Wells Fargo | Reiterate | Rating: —Target: $118 | Target: $315 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $563.0M · Total debt $4.51B · Total assets $13.25B · Shareholders' equity $5.73B
- Revenue
- $2.55B
- Operating income
- $711.0M
- Net income
- $534.0M
HistoryDividendAnnual yield
| Institutions | ≈ 88.40% | 352.56M shares | |
|---|---|---|---|
| 1,662 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.40% | 1.60M shares | |
| 16 holders · as of Jul 6, 2026 | |||
| Other | ≈ 11.20% | 44.64M shares | |
| remainder | |||
398.80M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.49% | 45.82M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.55% | 26.14M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.75% | 18.93M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 4.65% | 18.56M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.65% | 18.55M | as of Jun 30, 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 |
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Howmet Aerospace | $226.45 | −0.41% | $90.97B | 49.0 | 38.6 | 10.0 | +24.1% |
| GE Aerospace | $318.08 | −0.29% | $330.99B | 37.7 | 37.8 | 6.5 | +14.6% |
| RTX | $190.65 | −1.90% | $261.92B | 34.2 | 25.9 | 2.8 | +14.5% |
| ATI | $189.93 | +0.41% | $25.81B | 55.5 | 33.4 | 5.5 | +10.6% |
| TransDigm Group | $1,105.09 | −0.41% | $62.07B | 33.7 | 23.7 | 6.2 | +22.6% |
| Median | 35.9 | 29.6 | 5.8 | +14.6% |