Howmet Aerospace (NYSE:HWM) Issues Q3 2026 Earnings Guidance

Howmet Aerospace (NYSE:HWM) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.340-1.360 for the period, compared to the consensus estimate of 1.260. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Howmet Aerospace also updated its FY 2026 guidance to 5.230-5.310 EPS.

Howmet Aerospace Stock Down 2.3%

HWM traded down $6.66 on Friday, reaching $283.06. The company’s stock had a trading volume of 204,562 shares, compared to its average volume of 2,608,310. Howmet Aerospace has a 1 year low of $169.45 and a 1 year high of $310.00. The business’s 50 day moving average is $272.33 and its 200 day moving average is $253.76. 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 cap 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.

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

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HWM. Jefferies Financial Group raised their price target on Howmet Aerospace from $320.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. UBS Group upped their price target on shares of Howmet Aerospace from $260.00 to $290.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. BTIG Research boosted their target price on shares of Howmet Aerospace from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 5th. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.89.

Insiders Place Their Bets

In related news, EVP Neil Edward Marchuk sold 41,932 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the completion of the transaction, the executive vice president owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This trade represents a 39.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.85% of the stock is owned by company insiders.

Key Headlines 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 Trading of Howmet Aerospace

A number of hedge funds have recently made changes to their positions in HWM. Price T Rowe Associates Inc. MD lifted its stake in Howmet Aerospace by 27.0% in 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. Federated Hermes Inc. boosted its stake in shares of Howmet Aerospace by 45.5% during the 4th quarter. Federated Hermes Inc. now owns 1,561,474 shares of the company’s stock worth $320,133,000 after acquiring an additional 488,169 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Howmet Aerospace in the second quarter valued at about $64,565,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 acquiring an additional 323,206 shares during the last quarter. Finally, Jain Global LLC bought a new stake in Howmet Aerospace in the 4th quarter valued at $63,224,000. 90.46% of the stock is owned by hedge funds and other 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.