Howmet Aerospace IncNYSE: HWM
Industrials · Aerospace & Defense
$278.83
-1.55%
Vol: 2.1M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18Howmet Aerospace hit an all-time high near $283 on June 16, up 3.6%, on strong aerospace and defense demand despite stretched valuation.Positive▶
Howmet Aerospace rose 3.60% on June 16, 2026 to an all-time high, with shares around $283 after touching $280.85, outperforming the industrial sector. The rally is driven by robust aerospace, defense and gas-turbine demand, with Q1 2026 results showing about 19% year-over-year revenue growth and EPS and revenue beating expectations alongside raised Q2 and full-year guidance. Geopolitical tensions and higher global military aircraft utilization are boosting lucrative aftermarket engine and spare-parts work, and institutional rotation into aerospace and defense has added momentum. Bernstein SocGen raised its price target while keeping an Outperform rating. The bear case is valuation: the P/E has climbed to roughly 64x versus a five-year median near 43x, and SEC filings show insiders selling aggressively, including EVP Neil Marchuk offloading 41,932 shares worth about $11.3 million. Analysts average a Strong Buy with a ~$303 target.
Jun 17Bernstein raises Howmet Aerospace price target to $318 (Outperform) on engine demand and strong margins; shares jumped 3.6% on June 16Positive▶
On June 16, 2026, Bernstein (SocGen Group) raised its price target on Howmet Aerospace to $318 from $280 while maintaining an Outperform rating, citing strong jet-engine demand and expanding margins, and HWM shares rose 3.60% on the day. The move follows Oppenheimer's June 15 note flagging HWM among high-beta momentum-rally buy-rated names. It matters because Howmet is a key beneficiary of the commercial aerospace recovery and accelerating gas-turbine and defense demand, with Q2 EPS expected at $1.21 (up ~33% year over year). The bull case rests on above-trend portfolio growth, durable pricing power, and margin expansion across Engine Products and Fastening Systems. The bear case is valuation: the stock trades at a rich P/E (~63x) that prices in continued execution, leaving little room for any demand or supply-chain disappointment.
Jun 16Oppenheimer highlighted Howmet Aerospace among high-beta, buy-rated momentum names as the stock rose on June 15.Positive▶
On June 15, 2026, Oppenheimer strategists named Howmet Aerospace among high-beta, momentum stocks they favor with buy ratings in the current market rally, and HWM rose about 2.18% on the session, outperforming major indices. The call rests on strong demand across Howmet's aerospace, defense, and gas turbine segments, supported by high backlogs and robust spares demand. Underlying fundamentals remain strong: Q1 2026 revenue was $2.31 billion (up 19% YoY) with adjusted EPS of $1.22 (up 42% YoY), and full-year 2026 revenue guidance was raised to about $9.65 billion. Consensus across 22 analysts is Strong Buy with an average price target near $303, implying roughly 12% upside. The main risk is the stock's high-beta profile, which amplifies downside if the broader rally reverses.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Howmet Aerospace shares climbed 3.2% on May 20 as bullish aerospace super-cycle narrative continues post-Q1 beat.Positive▶
HWM rose roughly 3.2% on May 20 to about $261, extending gains driven by strong Q1 2026 earnings (revenue +19% YoY to $2.31B, adjusted EPS $1.22) and the company's raised full-year guidance ($9.65B revenue, $4.94 EPS). Bullish momentum reflects continued investor confidence in the commercial aerospace super-cycle, defense modernization, and gas-turbine demand tied to data center power buildouts. Analyst sentiment remains overwhelmingly Strong Buy with an average 12-month target near $302. Key risk is valuation stretch as the stock trades at a meaningful premium. CEO John Plant will present at Bernstein's SDC on May 27, a potential near-term catalyst.
May 20Howmet Aerospace delivered a strong Q1 'beat and raise', lifting 2026 revenue guidance by $550M and triggering a wave of analyst price-target hikes.Positive▶
On May 7, 2026, Howmet reported Q1 2026 results that beat across the board: revenue grew 19% YoY to $2.31B, adjusted EPS of $1.22 topped consensus by ~10% (up 42% YoY), adjusted EBITDA margin expanded 320 bps to 32.0%, and free cash flow hit a Q1 record of $359M. The company raised full-year revenue guidance by $550M to $9.65B and lifted adjusted EPS guidance by 11% to $4.94, with commercial aerospace up 20%, defense up 10%, and gas turbines surging 39%. Howmet repurchased $300M of stock in Q1 plus another $150M in April, and declared a $0.12 quarterly dividend payable May 26. Annual meeting was held May 19; CEO John Plant will present at Bernstein's Strategic Decisions Conference May 27. Multiple analysts raised price targets, including JPMorgan to $310, Jefferies to $320, UBS to $290, Morgan Stanley to $315, Deutsche Bank to $320, and Susquehanna to $330.
May 19Howmet Aerospace holds 2026 Annual Meeting of Shareholders on May 19, capping a strong May that saw multiple analyst price target hikes following a Q1 beat-and-raise.Positive▶
Howmet Aerospace is hosting its 2026 Annual Meeting of Shareholders on Tuesday, May 19, 2026, at 9:00 a.m. ET, following a strong Q1 2026 print earlier in the month where revenue grew 19% YoY to $2.31B, EBITDA margin expanded 320 bps to 32.0%, and EPS of $1.22 beat the $1.11 consensus. Management raised full-year 2026 revenue guidance by $550M to $9.65B and lifted adjusted EPS guidance 11% to $4.94. The setup matters because momentum is broad-based — commercial aerospace +20%, defense +10%, gas turbines +39% — and Fitch upgraded the company to A- in February. Capital returns also accelerated, with $300M in Q1 buybacks at an average price of $230.43. The bear case: with the stock having already rerated higher on the beat and multiple PT hikes (JPMorgan to $310, Jefferies to $320), expectations are elevated and the shares are vulnerable to any softness in commercial aerospace builds or defense budget delays.
May 18Howmet Aerospace to host 2026 Annual Meeting of Shareholders on May 19, following Q1 beat and raised full-year guidance.Positive▶
Howmet's Annual Shareholders Meeting is scheduled for Tuesday May 19, 2026 at 9:00 a.m. ET, days after the company reported Q1 2026 revenue of $2.31B (up 19% YoY) and adjusted EPS of $1.22 (vs $1.11 consensus). The company raised 2026 revenue guidance to $9.575-$9.725B and EPS to $4.88-$5.00, driven by 20% commercial aerospace growth and 39% gas turbine sales gains. Multiple analyst price target hikes followed (JPMorgan to $310, Jefferies to $320). Shares rallied 10.8% to ~$284 after the print. CEO John Plant will also present at Bernstein's Strategic Decisions Conference on May 27. Bear case: shares are now richly valued and exposed to commercial aerospace OEM production cycles (Boeing/Airbus) and any slowdown in defense or gas turbine orders.
May 15Howmet Aerospace will present at Bernstein's Strategic Decisions Conference May 27 following a strong Q1 beat-and-raise with revenue up 19% YoY.Positive▶
Howmet Aerospace announced CEO John C. Plant will speak at Bernstein's 42nd Annual Strategic Decisions Conference on May 27, 2026. The company's annual shareholder meeting is scheduled for May 19. Following its May 7 Q1 beat-and-raise (revenue $2.31B up 19%, EPS $1.22 vs $1.11 est), Howmet raised FY26 revenue guidance to $9.575-$9.725B and adjusted EPS to $4.88-$5.00. Q1 saw $300M in buybacks plus another $150M in April. Multiple analysts raised price targets: JPMorgan to $310, Deutsche Bank to $320, Susquehanna to $330, and Jefferies to $320. The board declared a $0.12 quarterly dividend payable May 26.
May 14Howmet Aerospace raises full-year outlook by $550M on broad-based aerospace strength, analysts hike targetsPositive▶
Howmet Aerospace reported Q1 2026 results on May 7 that exceeded the high end of guidance across revenue, adjusted EBITDA, margin and EPS, with revenue up 19% year over year to $2.31 billion and adjusted EBITDA margin expanding 320 basis points to 32.0%. Growth was broad-based with commercial aerospace up 20%, defense up 10%, and gas turbines surging 39%. Management raised full-year 2026 revenue guidance by $550 million to $9.65 billion and lifted adjusted EPS guidance by 11% to $4.94. Free cash flow more than doubled to $359 million, and the company repurchased $300 million of stock in Q1 plus another $150 million in April. JPMorgan raised its price target to $310 from $265, and Jefferies took its target to $320 from $315. The bear case is valuation risk if aerospace supply-chain demand normalizes.
May 13Howmet Aerospace jumps after Q1 blowout drives Jefferies and JPMorgan to raise price targets on engine demand surge.Positive▶
Howmet Aerospace posted Q1 2026 revenue of $2.31B (+19% YoY) and adjusted EPS of $1.22 (+42% YoY), beating across all metrics, with Engine Products revenue up 29% to $1.25B. Jefferies raised its PT to $320 (Buy) and JPMorgan raised to $310 from $265 citing strong jet engine demand. Howmet completed the $1.8B acquisition of CAM from Stanley Black & Decker on April 6 and bought Brunner Manufacturing for $120M, while divesting Savannah disk forging for $230M. The company repurchased $300M of stock in Q1 plus $150M in April. Risk: aerospace supply chain bottlenecks at Boeing/Airbus and exposure to gas turbine cyclicality. UBS earlier raised PT to $290 and Morgan Stanley to $315.
May 12Howmet Aerospace blows past Q1 with 19% revenue growth, raises 2026 guidance by $550M; multiple analysts hike PTsPositive▶
Howmet Aerospace reported Q1 2026 results May 7 with revenue jumping 19% YoY to $2.31B, adjusted EBITDA up 32% to $740M (margin expanded 320bps to record 32.0%), and adjusted EPS of $1.22 (+42% YoY) beating $1.11 consensus by 9.9%. Growth was led by commercial aerospace (+20%), defense aero (+10%), and gas turbines (+39%). Free cash flow surged to $359M from $134M YoY, funding $300M of buybacks. Company raised 2026 revenue guidance to $9.575B-$9.725B (midpoint $550M higher) and adj. EPS to $4.88-$5.00. Quarterly dividend declared at $0.12/share payable May 26. Stock jumped 7.7% to $276.16 (intraday high $290). Morgan Stanley raised PT to $315 from $280, Deutsche Bank to $320 from $278, Susquehanna to $330 from $300.
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