Howmet Aerospace Inc. (HWM) - Company Profile - 2026-04-16
Company Overview
Howmet Aerospace Inc. (HWM) is a U.S.-based provider of advanced engineered solutions for the aerospace and transportation industries. The company operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. It serves customers in the United States, Europe, Asia, and other regions, with a diversified product portfolio spanning aero-engine components, fasteners, titanium and aluminum forgings, and forged wheels. The company was formerly known as Arconic Inc. and traces its roots to 1888; it is headquartered in Pittsburgh, Pennsylvania.
Business and Operations
Howmet Aerospace focuses on engineered solutions across multiple high-value end markets. The Engine Products segment offers airfoils and seamless rolled rings primarily for aircraft engines and industrial gas turbines, along with rotating and structural parts. The Fastening Systems segment produces aerospace fasteners, as well as fasteners for commercial transportation, industrial, and other applications, in addition to latches, bearings, fluid fittings, and installation tools. The Engineered Structures segment provides titanium ingots and mill products, aluminum and nickel forgings, and machined components and assemblies for aerospace and defense applications, plus titanium forgings, extrusions, and forming and machining services for airframes, wings, aero-engines, and landing gear components. The Forged Wheels segment supplies forged aluminum wheels and related products for heavy-duty trucks and other commercial transportation markets. Howmet Aerospace maintains a broad geographic footprint and serves customers across several major regions, including the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and other international markets.
Fundamental Metrics
- Market cap: $99.27B
- Enterprise value: $104.33B
- P/E (trailing): 66.74
- P/E (forward): 43.80
- P/B: 18.58
- P/S: 12.03
- PEG: n/a
- Profit margin: 18.27%
- Operating margin: 26.34%
- ROE: 30.44%
- ROA: 12.13%
- Debt/Equity: 60.02
- Current ratio: 2.13
- Revenue (TTM): $8.25B
- Revenue growth (YoY): 14.60%
- Earnings growth (YoY): 20.30%
- Free cash flow: $917.25M
- Dividend yield: 18.00%
- Payout ratio: 11.86%
- Beta: 1.24
Share Structure and Ownership
- Shares outstanding: 400,713,557.00
- Float: 396,866,512.00
- Insider held: 0.89%
- Institutional held: 94.31%
- Short ratio (days to cover): 4.22
- Short % of float: 2.56%
Top institutional holders:
- Vanguard Group Inc: 12.21% of shares
- Blackrock Inc.: 11.79% of shares
- JPMORGAN CHASE & CO: 6.92% of shares
- State Street Corporation: 4.58% of shares
- Price (T.Rowe) Associates Inc: 4.15% of shares
Trading Activity
- 30-day average volume: 2,241,096
- 90-day average volume: 2,458,337
- Short ratio (days to cover): 4.22
- Short % of float: 2.56%
Recent Price Action
- Last close: $247.60 on 2026-04-16
- 1-month change: +3.06%
- 3-month change: +12.47%
- Year-to-date (YTD) change: +16.95%
- 1-year change: +100.93%
- 52-week high: $267.31
- 52-week low: $118.09
- [Drawdown](https://aksoycapital.com/glossary/drawdown.html) from 52W high: -7.37%
Strengths
- Diversified product portfolio across four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
- Broad geographic footprint and international market exposure.
- Profitability indicators: Profit margin 18.27%, Operating margin 26.34%, ROE 30.44%.
- Liquidity and cash flow: Current ratio 2.13; Free cash flow $917.25M.
- Significant institutional ownership concentration: Institutional holders 94.31% of shares.
- Dividend yield of 18.00% and a payout ratio of 11.86%.
Considerations
- Valuation levels: P/E trailing 66.74, P/E forward 43.80, P/B 18.58, P/S 12.03.
- Leverage: Debt/Equity 60.02, indicating a sizable debt load relative to equity.
- Growth signals: Revenue YoY 14.60%, Earnings YoY 20.30%.
- Market sensitivity: Beta 1.24, suggesting above-average volatility relative to the broader market.
- Insider ownership is low (0.89%), with a large share of ownership held by institutions (94.31%).
- Price range over the last year shows substantial movement, with a 52-week high of $267.31 and a low of $118.09.
Summary
Howmet Aerospace Inc. is a Pittsburgh-based aerospace and transportation engineering company formed from four business segments that supply a broad range of components and systems. It reports strong margins and a high ROE, supported by a sizable free cash flow base and substantial institutional ownership. As of 2026-04-16, the stock traded around $247.60, with notable liquidity in its trading volumes and a wide 52-week price range.