Reading the tape
NYSE: HWM
Howmet Aerospace Inc.
Industrials · Industrial - Machinery
Market Cap
$96.11B
52w High
$267.31
52w Low
$150.63
P/E
63.90
Volume
1.12M
Outstanding Shares
400.94M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 55.31%Revenue (TTM): 11.06%FCF (TTM): 23.85%P/FCF: 74th pct
What changed
The stock rose 55.31% over the last year. Revenue grew 11.06% over the trailing twelve months. Operating margin moved from 22.42% to 25.81%. Free cash flow grew 23.85% 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 (74th 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 25.81% — continued expansion would be needed to justify the premium. Revenue growth of 11.06% 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. 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.
CEOJohn C. Plant
SectorIndustrials
IndustryIndustrial - Machinery
Employees23,930
IPO dateNov 1, 2016
Valuation
Forward P/E—
EV/EBITDA35.28
Enterprise value$85.14B
Stock splits
Nov 1, 2016↑ Forward
Every 500 shares became 667
Oct 6, 2016↓ Reverse
Every 3 shares became 1
Jun 12, 2000↑ Forward
Every 1 shares became 2
Feb 26, 1999↑ Forward
Every 1 shares became 2
Feb 27, 1995↑ Forward
Every 1 shares became 2
Feb 23, 1981↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth14.65%
Gross margin30.74%▲11.32%vs FY2024
Operating margin25.81%▲14.70%vs FY2024
ROE28.17%▲11.07%vs FY2024
Analyst consensus
RatingBuy
Target price$277.82▲15.90%
19
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
May 7, 2026
Q2 FY26 · EPS est $1.11 · Revenue est $2.24B
View
Dividends
$0.48/shareQuarterly5yr growth streakEx-div May 8, 2026 · in 3dSafeHWM pays a dividend with a 0.2% declared yield, 5 consecutive years of growth, growing at 29.17% annually, covered 7.9× by free cash flow.
Declared Yield
0.2%
Annual Div / Share
$0.48
TTM $0.46
5yr CAGR
+29.17%
Doubles every ~2.7yr
Payout Ratio
12%
Safe
Dividend Growth Rate
3yr CAGR
+50.79%
5yr CAGR
+29.17%
10yr CAGR
+6.43%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.48+33.3%
2025$0.36+89.5%
2024$0.19+35.7%
2023$0.14+75.0%
2022$0.08+0.0%
2019$0.08-66.7%
2018$0.24+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$2/yr
$0/mo
In 5 yrs
$4/yr+76%
$0/mo
In 10 yrs
$6/yr+211%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$2/yr $0/mo | $4/yr+76% $0/mo | $6/yr+211% $1/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.2% → 0.62% 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.