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Industrials - Industrial - Machinery - NYSE - US
$ 112.01
-1.07 %
$ 45.5 B
Market Cap
43.08
P/E
1. INTRINSIC VALUE

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating parts, as well as structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners. The Engineered Structures segment provides titanium ingots and mill products for aerospace and defense applications; and aluminum and nickel forgings, and machined components and assemblies.[ Read More ]

The intrinsic value of one HWM stock under the base case scenario is HIDDEN Compared to the current market price of 112 USD, Howmet Aerospace Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HWM

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FINANCIALS
6.64 B REVENUE
17.25%
1.2 B OPERATING INCOME
30.90%
765 M NET INCOME
63.11%
901 M OPERATING CASH FLOW
22.92%
-215 M INVESTING CASH FLOW
-59.26%
-868 M FINANCING CASH FLOW
-65.02%
1.84 B REVENUE
-2.39%
421 M OPERATING INCOME
0.24%
332 M NET INCOME
24.81%
244 M OPERATING CASH FLOW
-38.54%
-80 M INVESTING CASH FLOW
-48.15%
-441 M FINANCING CASH FLOW
-258.54%
Balance Sheet Decomposition Howmet Aerospace Inc.
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Current Assets 3.32 B
Cash & Short-Term Investments 610 M
Receivables 692 M
Other Current Assets 2.01 B
Non-Current Assets 7.11 B
Long-Term Investments 0
PP&E 2.46 B
Other Non-Current Assets 4.66 B
Current Liabilities 1.78 B
Accounts Payable 982 M
Short-Term Debt 238 M
Other Current Liabilities 564 M
Non-Current Liabilities 4.61 B
Long-Term Debt 3.6 B
Other Non-Current Liabilities 1.01 B
EFFICIENCY
Earnings Waterfall Howmet Aerospace Inc.
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Revenue 6.64 B
Cost Of Revenue 5.03 B
Gross Profit 1.61 B
Operating Expenses 652 M
Operating Income 1.2 B
Other Expenses 438 M
Net Income 765 M
RATIOS
24.31% GROSS MARGIN
24.31%
18.12% OPERATING MARGIN
18.12%
11.52% NET MARGIN
11.52%
18.95% ROE
18.95%
7.34% ROA
7.34%
12.19% ROIC
12.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Howmet Aerospace Inc.
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Net Income 765 M
Depreciation & Amortization 272 M
Capital Expenditures -219 M
Stock-Based Compensation 50 M
Change in Working Capital -345 M
Others 44 M
Free Cash Flow 682 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Howmet Aerospace Inc.
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Wall Street analysts predict an average 1-year price target for HWM of $103 , with forecasts ranging from a low of $74 to a high of $235 .
HWM Lowest Price Target Wall Street Target
74 USD -33.93%
HWM Average Price Target Wall Street Target
103 USD -8.13%
HWM Highest Price Target Wall Street Target
235 USD 109.80%
4. DIVIDEND ANALYSIS
0.08% DIVIDEND YIELD
0.08 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Howmet Aerospace Inc.
image
Sold
0-3 MONTHS
21.8 M USD 2
3-6 MONTHS
2.75 M USD 1
6-9 MONTHS
3.03 M USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 23, 2024
Sell 6.85 M USD
Marchuk Neil Edward
EVP, HR
- 70637
96.9428 USD
2 months ago
Aug 22, 2024
Sell 15 M USD
Giacobbe Ken
EVP and CFO
- 154909
96.5755 USD
5 months ago
Jun 03, 2024
Sell 2.75 M USD
Marchuk Neil Edward
EVP, HR
- 32614
84.2621 USD
8 months ago
Mar 04, 2024
Sell 3.03 M USD
Marchuk Neil Edward
EVP, HR
- 45000
67.4416 USD
1 year ago
Aug 09, 2023
Sell 4 M USD
Marchuk Neil Edward
EVP, HR
- 80000
50.0558 USD
1 year ago
Feb 16, 2023
Sell 4.79 M USD
Giacobbe Ken
EVP and CFO
- 111209
43.0729 USD
1 year ago
Mar 06, 2023
Sell 2.49 M USD
Marchuk Neil Edward
EVP, HR
- 57000
43.6066 USD
1 year ago
Feb 23, 2023
Sell 195 K USD
Shultz Barbara Lou
Vice President and Controller
- 4627
42.1607 USD
1 year ago
Feb 16, 2023
Sell 4.79 M USD
Giacobbe Ken
EVP and CFO
- 111209
43.0729 USD
2 years ago
Jun 03, 2022
Sell 2.3 M USD
Giacobbe Ken
EVP and CFO
- 63304
36.3079 USD
3 years ago
Nov 11, 2021
Sell 65.8 K USD
Shultz Barbara Lou
Vice President and Controller
- 2038
32.3001 USD
3 years ago
Sep 08, 2021
Sell 136 K USD
Giacobbe Ken
EVP and CFO
- 4386
31.08 USD
4 years ago
Feb 27, 2020
Sell 1 M USD
Ramundo Katherine H
EVP, CLO and Corp Secretary
- 32733
30.5665 USD
4 years ago
Nov 25, 2019
Sell 156 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 5053
30.816 USD
4 years ago
Nov 25, 2019
Sell 120 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 3897
30.816 USD
4 years ago
Nov 25, 2019
Sell 187 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 6072
30.8208 USD
4 years ago
Nov 25, 2019
Sell 139 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 4513
30.8208 USD
4 years ago
Nov 25, 2019
Sell 159 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 5148
30.816 USD
4 years ago
Nov 25, 2019
Sell 159 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 5166
30.8208 USD
4 years ago
Nov 20, 2019
Sell 312 K USD
Myron W Paul
Vice President and Controller
- 10188
30.6728 USD
5 years ago
Nov 12, 2019
Bought 148 K USD
ALBAUGH JAMES F
Director
+ 5000
29.5046 USD
5 years ago
Aug 26, 2019
Sell 45 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
- 1805903
24.94 USD
5 years ago
Aug 27, 2019
Sell 47.7 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
- 1894208
25.17 USD
5 years ago
Aug 28, 2019
Sell 12.7 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
- 508407
25.05 USD
5 years ago
Aug 26, 2019
Sell 20.2 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
- 811348
24.94 USD
5 years ago
Aug 27, 2019
Sell 21.4 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
- 851021
25.17 USD
5 years ago
Aug 28, 2019
Sell 5.72 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
- 228415
25.05 USD
5 years ago
Aug 23, 2019
Sell 28.9 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
- 1181135
24.51 USD
5 years ago
Aug 23, 2019
Sell 31.4 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
- 1282860
24.51 USD
5 years ago
Aug 21, 2019
Sell 253 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 10000
25.3272 USD
5 years ago
Aug 07, 2019
Bought 306 K USD
PLANT JOHN C
Chairman and CEO
+ 12643
24.1751 USD
5 years ago
Aug 06, 2019
Bought 429 K USD
PLANT JOHN C
Chairman and CEO
+ 17820
24.0971 USD
5 years ago
May 02, 2019
Bought 1.11 M USD
PLANT JOHN C
Chairman and CEO
+ 50000
22.1386 USD
5 years ago
May 02, 2019
Bought 499 K USD
GUPTA RAJIV
Director
+ 22603
22.0965 USD
5 years ago
Mar 07, 2019
Bought 636 K USD
PLANT JOHN C
Chairman and CEO
+ 35000
18.1612 USD
5 years ago
Mar 06, 2019
Bought 655 K USD
PLANT JOHN C
Chairman and CEO
+ 35000
18.7037 USD
5 years ago
Mar 05, 2019
Bought 653 K USD
PLANT JOHN C
Chairman and CEO
+ 35000
18.6509 USD
6 years ago
May 15, 2018
Bought 9.77 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 544000
17.961 USD
6 years ago
May 15, 2018
Bought 4.6 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 256000
17.961 USD
6 years ago
May 03, 2018
Bought 33.5 K USD
SCHMIDT ULRICH
Director
+ 2000
16.75 USD
7 years ago
Aug 15, 2017
Bought 369 K USD
RUSSO PATRICIA F
Director
+ 15000
24.5717 USD
7 years ago
Aug 09, 2017
Bought 125 K USD
ALBAUGH JAMES F
Director
+ 5000
24.9438 USD
7 years ago
May 30, 2017
Bought 136 K USD
Merrin Patrice E
Director
+ 5000
27.18 USD
7 years ago
May 30, 2017
Bought 136 K USD
Merrin Patrice E
Director
+ 5000
27.15 USD
7 years ago
Feb 24, 2017
Bought 8.96 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 306000
29.266 USD
7 years ago
Feb 24, 2017
Bought 4.99 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 169999
29.3259 USD
7 years ago
Feb 24, 2017
Bought 4.21 M USD
ELLIOTT ASSOCIATES, L.P.
Director
+ 144000
29.266 USD
7 years ago
Feb 24, 2017
Bought 2.35 M USD
ELLIOTT ASSOCIATES, L.P.
Director
+ 80001
29.3259 USD
7 years ago
Feb 23, 2017
Bought 12.2 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 408000
30.0074 USD
7 years ago
Feb 23, 2017
Bought 5.76 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 192000
30.0074 USD
7 years ago
Feb 22, 2017
Bought 15.5 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 510000
30.4554 USD
7 years ago
Feb 22, 2017
Bought 7.31 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 240000
30.4554 USD
7 years ago
Feb 21, 2017
Bought 8.19 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 272000
30.1213 USD
7 years ago
Feb 21, 2017
Bought 3.86 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 128000
30.1213 USD
7 years ago
Feb 17, 2017
Bought 3.81 M USD
ELLIOTT ASSOCIATES, L.P.
Director
+ 128000
29.7834 USD
7 years ago
Feb 17, 2017
Bought 8.1 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 272000
29.7834 USD
7 years ago
Feb 16, 2017
Bought 7.94 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 272000
29.2041 USD
7 years ago
Feb 16, 2017
Bought 3.74 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 128000
29.2041 USD
7 years ago
Feb 15, 2017
Bought 8.46 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 289000
29.2671 USD
7 years ago
Feb 15, 2017
Bought 3.98 M USD
ELLIOTT ASSOCIATES, L.P.
Director
+ 136000
29.2671 USD
7 years ago
Feb 14, 2017
Bought 4.57 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 153000
29.8627 USD
7 years ago
Feb 14, 2017
Bought 2.15 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 72000
29.8627 USD
7 years ago
Feb 13, 2017
Bought 1.18 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 40000
29.5434 USD
7 years ago
Feb 13, 2017
Bought 708 K USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 24000
29.4834 USD
7 years ago
Feb 13, 2017
Bought 2.51 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 85000
29.5434 USD
7 years ago
Feb 13, 2017
Bought 1.5 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 51000
29.4834 USD
7 years ago
Feb 10, 2017
Bought 2.48 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 85000
29.1773 USD
7 years ago
Feb 10, 2017
Bought 1.17 M USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 40000
29.1773 USD
7 years ago
Feb 09, 2017
Bought 1.9 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 68000
27.9057 USD
7 years ago
Feb 09, 2017
Bought 893 K USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 32000
27.9057 USD
7 years ago
Feb 08, 2017
Bought 645 K USD
ELLIOTT ASSOCIATES, L.P.
Director
+ 24000
26.8587 USD
7 years ago
Feb 08, 2017
Bought 1.37 M USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 51000
26.8587 USD
7 years ago
Feb 07, 2017
Bought 896 K USD
ELLIOTT INTERNATIONAL, L.P.
10 percent owner
+ 34000
26.3554 USD
7 years ago
Feb 07, 2017
Bought 422 K USD
ELLIOTT ASSOCIATES, L.P.
10 percent owner
+ 16000
26.3554 USD
7 years ago
Feb 02, 2017
Sell 110 K USD
MYERS TIMOTHY DONALD
Executive Vice President
- 4337
25.3397 USD
7. News
Howmet Aerospace Inc. (HWM) Baird 2024 Global Industrial Conference (Transcript) Howmet Aerospace Inc. (NYSE:HWM ) Baird 2024 Global Industrial Conference November 13, 2024 1:00 PM ET Company Participants John Plant - CEO Conference Call Participants Peter Arment - Baird Peter Arment Good afternoon, everyone. Thank you for joining us. seekingalpha.com - 4 days ago
Buy Profitable S&P 500 Stocks as the Index Tops 6000: NVIDIA & 2 More NVIDIA, Insulet and Howmet Aerospace have been selected as the top picks with a high net income ratio. zacks.com - 5 days ago
Howmet is Trading Near 52-Week High: Should You Buy the Stock? HWM's strength across its end markets, solid liquidity position and shareholder-friendly policies make it an attractive pick for investors. zacks.com - 6 days ago
Are Aerospace Stocks Lagging Howmet Aerospace (HWM) This Year? Here is how Howmet (HWM) and Leidos (LDOS) have performed compared to their sector so far this year. zacks.com - 6 days ago
Howmet Aerospace: A Top Stock To Buy On Long-Term Airplane Production Growth Howmet Aerospace's Q3 earnings beat EPS consensus, with a 135.7% return since my initial buy rating, outperforming the S&P 500's 35.8% return. Despite mixed revenue trends, Howmet Aerospace showed strong margin growth, with adjusted EBITDA up 27% and margins increasing to 26.5%. HWM stock is upgraded to a buy due to expected higher production rates, strong long-term growth prospects, and improved financial outlook for 2024 and 2025. seekingalpha.com - 1 week ago
Why Howmet Aerospace Stock Rocketed More Than 12% Skyward Today The company impressed with both its trailing performance in challenging conditions, and its profitability guidance. fool.com - 1 week ago
Howmet Aerospace Inc. (HWM) Q3 2024 Earnings Call Transcript Howmet Aerospace Inc. (NYSE:HWM ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Paul Luther - VP, IR Ken Giacobbe - EVP and CFO John Plant - Executive Chairman and CEO Conference Call Participants Sheila Kahyaoglu - Jefferies Robert Stallard - Vertical Research Partners Doug Harned - Bernstein Scott Deuschle - Deutsche Bank David Strauss - Barclays Myles Walton - Wolfe Research Seth Seifman - JPMorgan Ronald Epstein - Bank of America Gautam Khanna - TD Cowen Operator Good day and welcome to the Howmet Aerospace Third Quarter of 2024 Earnings Call. All participants will be in listen-only mode for the duration of the call. seekingalpha.com - 1 week ago
Howmet's Q3 Earnings Surpass Estimates, Revenues Increase Y/Y HWM third-quarter 2024 revenues increase 10.7%, driven by an improved commercial aerospace market. zacks.com - 1 week ago
Howmet (HWM) Reports Q3 Earnings: What Key Metrics Have to Say Although the revenue and EPS for Howmet (HWM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 1 week ago
Howmet (HWM) Surpasses Q3 Earnings Estimates Howmet (HWM) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.46 per share a year ago. zacks.com - 1 week ago
Howmet Aerospace Reports Third Quarter 2024 Results PITTSBURGH--(BUSINESS WIRE)--Howmet Aerospace Reports Third Quarter 2024 Results. businesswire.com - 1 week ago
S&P 500 Leader, Defense Supplier Eyes Buy Point. Wait For Two Things. Howmet Aerospace eyes a buy point amid its 87% run, making it one of the top performers in the S&P 500. Earnings are tomorrow. investors.com - 1 week ago
8. Profile Summary

Howmet Aerospace Inc. HWM

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COUNTRY US
INDUSTRY Industrial - Machinery
MARKET CAP $ 45.5 B
Dividend Yield 0.08%
Description Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines; and rotating parts, as well as structural parts. The Fastening Systems segment produces aerospace fastening systems, as well as commercial transportation, industrial, and other fasteners. The Engineered Structures segment provides titanium ingots and mill products for aerospace and defense applications; and aluminum and nickel forgings, and machined components and assemblies. The Forged Wheels segment offers forged aluminum wheels and related products for heavy-duty trucks and commercial transportation markets. The company was formerly known as Arconic Inc. The company was founded in 1888 and is based in Pittsburgh, Pennsylvania.
Contact 201 Isabella Street, Pittsburgh, PA, 15212-5872 https://www.howmet.com
IPO Date Nov. 1, 2016
Employees 23200
Officers Mr. Johan Wall President of Engineered Structures Mr. Merrick Murphy President of the Engine Products Segment Mr. Vagner Finelli President of Howmet Fastening Systems Mr. Randall Scheps President of Forged Wheels Mr. Neil E. Marchuk Executive Vice President & Chief Human Resources Officer Ms. Margaret S. Lam Esq. Assistant Secretary, Associate General Counsel and Chief Securities & Governance Counsel Mr. John C. Plant FCA Executive Chairman & Chief Executive Officer Mr. Kenneth J. Giacobbe Executive Vice President & Chief Financial Officer Mr. Michael Niem Chanatry Executive Vice President & Chief Commercial Officer Mr. Paul Thomas Luther Jr. Vice President of Investor Relations