Research
Guggenheim Initiates Howmet Aerospace at Buy With $350 Price Target
Howmet Aerospace (HWM) has an average rating of buy and mean price target of $343.43, according to analysts polled by FactSet.
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Wire
Howmet Aerospace Sets Execution Standard With Beat-and-Raise, RBC Says
Howmet Aerospace (HWM) delivered another beat-and-raise quarter, with investors continuing to focus on capacity additions within its Engine Products segment as industrial gas turbine demand improves and commercial aerospace and defense markets remain strong, RBC Capital Markets said in a Friday note.The investment firm said that it continues to see upside to its estimates on the Engine Products segment with LEAP/GTF engine transition, yield improvements, spares demand, pricing, as well as defense upside.RBC said management remains open to incremental mergers and acquisitions, which it believes would be well received by investors given the company's "best-in-class" operations. The firm added that capital spending remains elevated this year, with higher capex expected in 2027.Howmet expects to reduce net leverage to about one times by the end of 2026, providing additional flexibility for share repurchases and potential acquisitions, according to the note.RBC raised its price target to $350 from $325 and maintained its outperform rating.Shares of Howmet were down 2% in Friday afternoon trading.Price: $283.89, Change: $-5.69, Percent Change: -1.96%
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Wire
UBS Adjusts PT on Howmet Aerospace to $326 From $299, Maintains Neutral Rating
Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $327.74, according to analysts polled by FactSet.Price: $283.70, Change: $-5.88, Percent Change: -2.03%
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Asia Markets
Update: US Equity Futures Mixed Pre-Bell as Iran, Oman Near Agreement on Strait of Hormuz Passage
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Thursday amid reports that Iran and Oman are close to an agreement regarding passage through the Strait of Hormuz.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.6% lower.Iran's Foreign Ministry spokesperson Esmaeil Baghaei said that a joint announcement is being finalized regarding a shipping route through the waterway, which lies between Iran and Oman. An Iranian government official told MS Now that the temporary deal aims to allow the restart of the ceasefire between the US and Iran and the beginning of another 60-day round of negotiations, according to a CNBC report.Traders digested the latest round of earnings, with ConocoPhillips (COP) reporting higher adjusted earnings and revenue for Q2.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $80.78 per barrel and US West Texas Intermediate crude 1.5% higher at $76.37 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 199,000 new unemployment claims for the week ended Aug. 1, compared with the upwardly revised figure of 198,000 in the prior week, and the 205,000 expected, according to estimates compiled by Bloomberg. Q2 nonfarm productivity increased at a 1.4% annual rate, above forecasts for 0.6%, while unit labor costs increased 1.3%, compared with the 2.1% expected.Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 1.5% lower, and China's Shanghai Composite finished 0.6% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Sandisk (SNDK) shares dropped more than 10% despite the company posting a fiscal Q4 adjusted earnings and revenue beat. Western Digital (WDC) stock was down 15% after the company reported its fiscal Q4 financial results late Wednesday. AppLovin (APP) shares plunged 19% after the company's Q2 revenue fell short of market expectations.On the winning side, ConocoPhillips stock rose 2.1% after the company reported a Q2 adjusted earnings and revenue beat. Parker-Hannifin (PH) shares jumped 8.2% after the company posted better-than expected fiscal Q4 adjusted earnings and net sales. Howmet Aerospace (HWM) stock was up 3.5% after the company reported Q2 adjusted earnings and revenue that surpassed analysts' consensus and boosted its 2026 guidance.
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Wire
Woodward, Howmet Likely to Benefit From Strong Engine Market, RBC Says
Woodward (WWD) and Howmet Aerospace (HWM) are expected to benefit from a strong engine market in their quarterly results, RBC Capital Markets said in a note Monday."The readthrough from the 2Q26 results so far, most notably from GE and P&W (RTX), point to strength in both commercial aerospace engine OE and AM results," the report said.The note pointed to GE CES services and Pratt & Whitney aftermarket growth rising mid-20%, and GE and Pratt & Whitney commercial engine deliveries growing 22% year-over-year and 5% sequentially.Howmet is expected to raise its 2026 guidance as confidence in the engine supply chain improves, the report said. Its Q2 results are due Aug. 6.Woodward is also expected to increase its guidance on strong engine volume and aftermarket growth, the note said. The company will report its Q3 results on July 29.RBC raised its price target on Howmet to $325 from $300, while maintaining Woodward at $450. It kept both at outperform.Price: $414.30, Change: $-4.70, Percent Change: -1.12%
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Wire
Jefferies Adjusts Howmet Aerospace Price Target to $340 From $320
Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $311.37, according to analysts polled by FactSet.Price: $275.67, Change: $+4.09, Percent Change: +1.50%
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Wire
Honeywell Aerospace's Competitive Edge Lies in Its 'Develop Once, Deploy Everywhere' R&D Model, Morgan Stanley Says
Honeywell Aerospace's (HONA) competitive advantage lies in its "develop once, deploy everywhere" R&D model, allowing it to take common technologies like precision navigation and auxiliary power units and deploy them across commercial air transport, business aviation, defense, space and emerging platforms, Morgan Stanley said in a Wednesday note.This attribute improves R&D returns by providing high 20s% EBITDA margins, shortens product introduction cycles and increases the addressable market per technology platform, according to the note.When compared to peers, Honeywell Aerospace's revenue and EBIT compound annual growth rates between 2025 and 2028 are largely toward the low end of peers, the analysts said, adding that its EBITDA margins are the third highest among the peers, following TransDigm (TDG) and Howmet Aerospace (HWM).Morgan Stanley further noted Honeywell Aerospace's "standalone structure potentially provides greater flexibility to invest, reposition the portfolio, and pursue initiatives that could support improved long-term growth and margin performance."Morgan Stanley initiated coverage of the company's stock with an equal-weight rating and a $255 price target.Price: $230.27, Change: $-7.88, Percent Change: -3.31%
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Wire
Argus Lifts Howmet Aerospace Price Target to $300 From $280
Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $302.93, according to analysts polled by FactSet.Price: $257.82, Change: $-2.53, Percent Change: -0.97%
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Wire
Howmet Raises 2026 Outlook on Strong Industrial Gas Turbine Demand, RBC Says
Howmet Aerospace (HWM) reported "strong" Q1 results and raised its 2026 guidance, driven by robust aerospace spare-part demand, expanding margins and continued strength in the industrial gas turbine market, RBC Capital Markets said in a report emailed Friday.The aerospace and industrial components company posted adjusted earnings of $1.22 per share, above consensus estimates and RBC's forecast of $1.11, while revenue rose 19% year over year to $2.3 billion, according to the report. Spare-parts sales climbed 36%, including 48% growth in commercial aerospace, according to the report.Industrial gas turbine demand remains a major growth opportunity for the company, with segment revenue rising 39% year over year as pricing and yields improved, according to the report. "Additional capacity" is expected to come online in H2 as Howmet increases investment to support growing demand tied partly to rising electricity needs from data centers, RBC said.Howmet continued reshaping its portfolio through acquisitions and divestitures, with the firm saying the company's focus on higher-margin businesses is "viewed positively by investors," the report said.RBC maintained the company's outperform rating and $300 price target.Price: $271.21, Change: $-1.21, Percent Change: -0.44%
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Wire
Wells Fargo Adjusts Howmet Aerospace Price Target to $280 From $240
Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $298.07, according to analysts polled by FactSet.Price: $275.12, Change: $+2.70, Percent Change: +0.99%
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Wire
Morgan Stanley Lifts Howmet Aerospace Price Target to $315 From $280
Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $298.07, according to analysts polled by FactSet.Price: $274.63, Change: $+2.21, Percent Change: +0.81%
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Wire
UBS Adjusts Price Target on Howmet Aerospace to $290 From $260, Maintains Neutral Rating
Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $296.41, according to analysts polled by FactSet.Price: $273.44, Change: $+1.01, Percent Change: +0.37%
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Wire
Update: Howmet Aerospace Shares Rise After Q1 Earnings Beat
(Updates with the latest stock price movement in the headline and first paragraph and correct FactSet estimates in the third and fifth paragraphs.)Howmet Aerospace (HWM) shares rose 5.2% on Thursday after the company reported better-than-expected Q1 earnings results.The company reported Q1 adjusted earnings of $1.22 per diluted share, up from $0.86 a year earlier.Analysts polled by FactSet expected $1.11.Revenue for the quarter ended March 31 was $2.31 billion, up from $1.94 billion a year earlier.Analysts surveyed by FactSet expected $2.24 billion.The company said it expects Q2 adjusted EPS of $1.22 to $1.24.Analysts surveyed by FactSet expect $1.14.The company expects Q2 revenue of $2.39 billion to $2.41 billion.Analysts polled by FactSet expect $2.34 billion.For the full year, the company expects adjusted EPS of $4.88 to $5.00 and revenue of $9.58 billion to $9.73 billion.Analysts surveyed by FactSet expect EPS of $4.65 and revenue of $9.38 billion.Price: $269.99, Change: $+13.56, Percent Change: +5.29%
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Research
Research Alert: Howmet Aerospace Posts Q1 Beat And Raise, Accelerating Growth Trajectory
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HWM reported Q1 revenue of $2,313M (+19% Y/Y), beating consensus by $72M, with adj. EPS of $1.22 (+42% Y/Y) exceeding estimates by $0.11. Adj. EBITDA margin expanded 320 bps Y/Y to 32.0%, reflecting broad-based demand strength across commercial aerospace, defense, and gas turbines. Engine Products drove outperformance with 29% revenue growth and 400 bps margin expansion to 36.6%, while gas turbines surged 39% Y/Y. Management raised 2026 guidance substantially, lifting revenue by $550M to $9,650M, EBITDA by $300M to $3,060M, and EPS by $0.49 to $4.94. The $1.8B CAM acquisition closed in April, adding aerospace fastening capabilities, while free cash flow of $359M (+168% Y/Y) supported $300M in buybacks. We believe the guidance increase reflects sustained aerospace momentum, with gas turbines projected to double from $1B to $2B over three to five years on data center demand, reinforcing our view that HWM benefits from record OEM backlogs and structural market tailwinds.
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Wire
Howmet Aerospace Names Jonathan Arena as Chief Legal, Compliance Officer
Howmet Aerospace (HWM) said Monday it has appointed Jonathan Arena as chief legal and compliance officer.Arena, who will also serve as executive vice president, was previously vice president and chief counsel at Huntington Ingalls Industries' (HII) Newport News Shipbuilding division, Howmet said.Price: $253.96, Change: $+1.29, Percent Change: +0.51%
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