Howmet Aerospace Inc logo

Howmet Aerospace Inc(HWM)

Top Performer Top performer
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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$205.81
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for HWM

11/06/2026: HWM (4-star) is currently NOT-A-BUY. Pass it for now.

Howmet Aerospace is a premier manufacturer of high-performance components for the aerospace and commercial transportation industries. The company has a leading position in critical areas like engine airfoils and fastening systems, which benefit from long-term industry growth trends. Its main investment appeal lies in strong margins and exposure to multi-year aircraft engine backlogs. However, investors must monitor risks related to customer concentration, industry cyclicality, and supply chain constraints for specialized materials. Suited for growth-oriented investors, Howmet remains a key player in the aerospace supply chain, with performance highly correlated to OEM production schedules and global air travel demand.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company benefits from long-term secular growth trends in commercial and defense aerospace.
Momentum investorStrong fit while signal remains positiveThe stock has demonstrated consistent upward price trends supported by operational execution.
Value investorMixed fitStrong business quality often commands a premium valuation, potentially limiting deep-value entry points.
Dividend investorMixed fitProvides steady income, though growth investors may prioritize capital appreciation over yield.
Low-risk investorMediumSubject to aerospace cyclicality and macroeconomic factors, which can introduce volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highAerospace stocks are sensitive to news regarding production rates and macroeconomic outlooks.
Valuation riskMediumStrong performance has historically led to higher valuation multiples that must be justified by future growth.
Competition risk (Aerospace components)MediumMaintaining technological leadership requires constant R&D investment to defend market share from capable peers.
Business qualityStrongThe company's role as a critical, hard-to-replace supplier to OEMs creates a durable competitive advantage.
Dividend incomeLowThe company is not primarily a yield-focused investment but maintains a stable payout.
Execution riskMediumSuccess relies on high-precision manufacturing and meeting delivery schedules at large scale.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 107.4%
Avg. Invested days 69
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 5.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
HWM receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and strong analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
HWM has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+30.6%) and strong cash generation (FCF margin 17.3%) are partially offset by very low insider ownership of 0.89%.

Financial Health Rating

★★★★★
HWM's financial health is supported by strong cash strength, including free-cash-flow generation of $1.4B (17.3% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is HWM's strongest growth driver at +46.5% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+11.1%, solid) and earnings growth (+30.6%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 93.8% and approximately 99.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.89%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 11.52%
Vanguard Capital Management, LLC 6.57%
State Street Corp 4.76%
JPMorgan Chase & Co 4.67%
Vanguard Portfolio Management, LLC 4.66%

Unit Economics (Per $1K Revenue)

★★★★★
HWM generates approximately $307 of gross profit, $258 of operating income, and $173 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 18.04%

Quantitative Style Profile

★★★★★
HWM has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

Quality TiltHigh VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 81.84B USD
Price to earnings Ratio 40.35
1Y Target Price 296.29
Price to earnings Ratio 40.35
1Y Target Price 296.29
Volume (30-day avg) 3.8M shares
Beta 1.29
52 Weeks Range 183.39 - 309.63
Updated Date 11/08/2026
52 Weeks Range 183.39 - 309.63
Updated Date 11/08/2026
Dividends yield (FY) 0.25%
Basic EPS (TTM) 5.1

How Company Makes Money

Business areaWhat it includesRetail investor read
Engine ProductsJet engine airfoils and turbine parts.The company earns revenue from high-demand parts that need frequent replacement in jet engines.
Fastening SystemsSpecialized aerospace fasteners and hardware.Revenue comes from essential high-strength hardware used across the entire aerospace industry.
Engineered StructuresLarge structural titanium and aluminum components.Provides key structural pieces for airframes, tying earnings to total aircraft manufacturing volumes.
Forged WheelsAluminum wheels for trucks and trailers.This segment diversifies income through exposure to the commercial transportation and logistics market.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-10-29
When Before Market
Estimate 1.37
Actual 1.46

Profitability

Profit Margin 21.1%
Operating Margin (TTM) 28.78%

Management Effectiveness

Return on Assets (TTM) 13.97%
Return on Equity (TTM) 37.65%

Valuation

Trailing PE 40.35
Forward PE 31.55
Enterprise Value 85.96B
Price to Sales(TTM) 8.41
Enterprise Value 85.96B
Price to Sales(TTM) 8.41
Enterprise Value to Revenue 8.83
Enterprise Value to EBITDA 28.55
Shares Outstanding 397.66M
Shares Floating 394.08M
Shares Outstanding 397.66M
Shares Floating 394.08M
Percent Insiders 0.89
Percent Institutions 93.78

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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