NYSE: HWM
Howmet Aerospace Inc.
Industrials · Aerospace & Defense
Market Cap
$111.09B
52w High
$290.63
52w Low
$169.06
P/E
64.16
Volume
2.32M
Outstanding Shares
400.11M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 63.11% over the last year. Revenue grew 14.24% over the trailing twelve months. Operating margin moved from 23.68% to 27.53%. Free cash flow grew 41.24% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (90th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 27.53% — continued expansion would be needed to justify the premium. Revenue growth of 14.24% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, and originally established in 1888 as Arconic Inc., is a global leader in providing sophisticated engineered solutions.
Valuation
Stock splits
Every 500 shares became 667
Every 3 shares became 1
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
20
Buy
3
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $1.21 · Revenue est $2.43B
View
Dividends
$0.48/shareQuarterly5yr growth streakSafeHWM pays a dividend with a 0.17% dividend yield, 5 consecutive years of growth, growing at 29.17% annually, covered 7.9× by free cash flow.
Dividend Yield
0.17%
Annual Div / Share
$0.48
5yr CAGR
+29.17%
Doubles every ~2.7yr
Payout Ratio
10.72%
Safe
Dividend Growth Rate
3yr CAGR
+50.79%
5yr CAGR
+29.17%
10yr CAGR
+6.43%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$0/mo
In 5 yrs
$0/mo
In 10 yrs
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$2/yr $0/mo | $3/yr+76% $0/mo | $5/yr+211% $0/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.17% → 0.54% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 7.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 29.17% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.