Market Summary
USD40.40-0.11
Market Closed-0.27%
HWM Stock Price
HWM RSI Chart
HWM Valuation
HWM Price/Sales (Trailing)
HWM Profitability
HWM Fundamentals
HWM Revenue
HWM Earnings
Price Action
52 Week Range
29.8444.37
(Low)(High)
Last 7 days
-0.1%
Last 30 days
-4.0%
Last 90 days
3.4%
Trailing 12 Months
10.0%
HWM Financial Health
HWM Investor Care
Peers (Alternatives to Howmet Aerospace)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LMT | 122.4B | 66.0B | -2.56% | 5.52% | 21.35 | 1.85 | -1.58% | -9.23% |
BA | 117.3B | 66.6B | -4.22% | 5.81% | -23.77 | 1.76 | 6.94% | -17.44% |
GD | 60.5B | 39.4B | -5.58% | -6.48% | 17.86 | 1.54 | 2.44% | 4.08% |
HWM | 16.8B | 5.7B | -4.02% | 9.99% | 35.75 | 2.96 | 13.90% | 81.78% |
| MID-CAP | ||||||||
HII | 7.9B | 10.7B | -10.63% | -1.25% | 13.6 | 0.74 | 12.10% | 6.43% |
CW | 6.4B | 2.6B | -2.62% | 9.17% | 21.78 | 2.51 | 2.04% | 10.18% |
HXL | 5.6B | 1.6B | -5.36% | 16.71% | 44.69 | 3.58 | 19.10% | 684.47% |
BWXT | 5.6B | 2.2B | 2.01% | 12.51% | 23.35 | 2.49 | 5.12% | -22.13% |
MAXR | 3.8B | 1.6B | -1.73% | 36.15% | -25.17 | 2.35 | -9.32% | -426.09% |
WIRE | 3.4B | 3.0B | -6.86% | 39.80% | 4.73 | 1.13 | 16.39% | 32.58% |
| SMALL-CAP | ||||||||
TGI | 678.6M | 1.4B | -16.88% | -60.14% | 7.03 | 0.49 | -10.88% | 191.35% |
KAMN | 601.1M | 688.0M | -13.37% | -51.39% | -13 | 0.87 | -2.97% | -205.84% |
NPK | 496.3M | 321.6M | -7.37% | -9.19% | 29.25 | 1.52 | -9.60% | -19.31% |
ASTC | 19.2M | 422.0K | -7.79% | 1451.81% | -2.11 | 45.39 | -48.03% | -12.24% |
Financials for Howmet Aerospace
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.2% | 5,663 | 5,435 | 5,285 | 5,087 | 4,972 |
| S&GA Expenses | 0.7% | 288 | 286 | 283 | 255 | 251 |
| R&D Expenses | 18.5% | 32.00 | 27.00 | 24.00 | 19.00 | 17.00 |
| EBITDA | 6.7% | 1,100 | 1,031 | 959 | 400 | - |
| EBITDA Margin | 2.4% | 0.19* | 0.19* | 0.18* | 0.08* | - |
| Earnings Before Taxes | 13.1% | 606 | 536 | 455 | 382 | 324 |
| EBT Margin | 8.5% | 0.11* | 0.10* | 0.09* | 0.08* | - |
| Interest Expenses | -0.4% | 229 | 230 | 236 | 245 | 259 |
| Net Income | 7.8% | 469 | 435 | 382 | 309 | 258 |
| Net Income Margin | 3.5% | 0.08* | 0.08* | 0.07* | 0.06* | - |
| Free Cahsflow | 45.2% | 540 | 372 | 369 | 304 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.3% | 10,255 | 9,929 | 10,052 | 10,129 | 10,219 |
| Current Assets | 10.4% | 3,143 | 2,846 | 2,837 | 2,782 | 2,737 |
| Cash Equivalents | 74.6% | 791 | 453 | 537 | 520 | 720 |
| Inventory | -0.2% | 1,609 | 1,612 | 1,563 | 1,483 | 1,402 |
| Net PPE | 1.9% | 2,332 | 2,288 | 2,340 | 2,400 | 2,467 |
| Goodwill | 1.2% | 4,013 | 3,965 | 4,012 | 4,053 | 4,067 |
| Liabilities | 0.0% | 6,654 | 6,656 | 6,631 | 6,672 | 6,711 |
| Current Liabilities | 7.3% | 1,482 | 1,381 | 1,322 | 1,255 | 1,253 |
| . Short Term Borrowings | -100.0% | - | 1.00 | 1.00 | 3.00 | 5.00 |
| Long Term Debt | -0.2% | 4,162 | 4,170 | 4,169 | 4,228 | 4,227 |
| LT Debt, Current | 0% | 1.00 | 1.00 | 3.00 | 5.00 | - |
| LT Debt, Non Current | 0.0% | 4,170 | 4,169 | 4,228 | 4,227 | - |
| Shareholder's Equity | 10.0% | 3,601 | 3,273 | 3,421 | 3,457 | 3,508 |
| Retained Earnings | 12.1% | 1,028 | 917 | 863 | 725 | 603 |
| Additional Paid-In Capital | -1.3% | 3,947 | 3,998 | 4,079 | 4,123 | 4,291 |
| Shares Outstanding | -0.5% | 415 | 417 | 419 | - | - |
| Minority Interest | - | - | - | - | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 26.2% | 733 | 581 | 583 | 510 | 449 |
| Cashflow From Investing | 5.6% | -135 | -143 | -52.00 | 43.00 | 107 |
| Cashflow From Financing | 25.6% | -526 | -707 | -707 | -1,270 | -1,444 |
| Buy Backs | -25.9% | 400 | 540 | 465 | 605 | 430 |
Risks for HWM
What is the probability of a big loss on HWM?
52.7%
Probability that Howmet Aerospace stock will be more than 20% underwater in next one year
37.3%
Probability that Howmet Aerospace stock will be more than 30% underwater in next one year.
34.2%
Probability that Howmet Aerospace stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does HWM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Howmet Aerospace was unfortunately bought at previous high price.
Drawdowns
Returns for HWM
Cumulative Returns on HWM
8.4%
10-Year Cumulative Returns
9.7%
7-Year Cumulative Returns
18.7%
5-Year Cumulative Returns
63.9%
3-Year Cumulative Returns
What are the long-term rolling returns for HWM?
FIve years rolling returns for Howmet Aerospace.
Annualized Returns
Which funds bought or sold HWM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 10.63 | 8,743,310 | 30,091,300 | 0.03% |
2023-03-10 | MATHER GROUP, LLC. | new | - | 223,192 | 223,192 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 136 | 64,000 | 95,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 5.43 | 29,328,400 | 114,731,000 | 0.16% |
2023-02-27 | Parallax Volatility Advisers, L.P. | sold off | -100 | -3,863,000 | - | -% |
2023-02-24 | NATIXIS | sold off | -100 | -704,000 | - | -% |
2023-02-24 | National Pension Service | added | 0.49 | 6,726,700 | 30,750,400 | 0.06% |
2023-02-24 | SRS Capital Advisors, Inc. | unchanged | - | 945 | 3,945 | -% |
2023-02-22 | CVA Family Office, LLC | reduced | -15.66 | 794 | 13,794 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 292,000 | 1,357,000 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Howmet Aerospace News
Schedule 13G FIlings of Howmet Aerospace
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 23, 2023 | elliott investment management l.p. | 7.6% | 31,211,789 | SC 13D/A | |
| Feb 09, 2023 | vanguard group inc | 10.27% | 42,507,281 | SC 13G/A | |
| Jan 06, 2023 | blackrock inc. | 10.1% | 41,699,014 | SC 13G | |
| Sep 09, 2022 | vanguard group inc | 10.06% | 41,783,188 | SC 13G/A | |
| Aug 31, 2022 | elliott investment management l.p. | 8.8% | 36,581,922 | SC 13D/A | |
| Feb 14, 2022 | orbis investment management ltd | 4.3% | 18,232,114 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.65% | 41,227,658 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.3% | 35,653,055 | SC 13G/A | |
| Jun 03, 2021 | elliott investment management l.p. | 9.7% | 41,565,658 | SC 13D/A | |
| Feb 16, 2021 | orbis investment management ltd | 6.5% | 5,245 | SC 13G/A |
HWM Fair Value
Howmet Aerospace fair value in different scenarios
The table shows the Fair Value estimates for Howmet Aerospace for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 5.28 -86.93% | 7.53 -81.36% | 8.27 -79.53% | 9.29 -77.00% | 10.87 -73.09% |
| Current Inflation | 3.60 -91.09% | 4.52 -88.81% | 5.51 -86.36% | 7.15 -82.30% | 8.22 -79.65% |
| Very High Inflation | 4.90 -87.87% | 6.69 -83.44% | 7.01 -82.65% | 7.76 -80.79% | 8.89 -78.00% |
Historical Howmet Aerospace Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Howmet Aerospace
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 08, 2023 | 4 | Insider Trading | |
| Mar 08, 2023 | 4/A | Insider Trading | |
| Mar 02, 2023 | 4 | Insider Trading | |
| Feb 27, 2023 | 8-K | Current Report | |
| Feb 24, 2023 | 4 | Insider Trading | |
| Feb 23, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Feb 21, 2023 | 4 | Insider Trading | |
| Feb 21, 2023 | 4 | Insider Trading | |
| Feb 21, 2023 | 4 | Insider Trading | |
| Feb 21, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for HWM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | Marchuk Neil Edward | sold | -2,485,580 | 43.6066 | -57,000 | evp, hr |
2023-02-23 | Shultz Barbara Lou | acquired | 110,400 | 23.86 | 4,627 | vice president and controller |
2023-02-23 | Shultz Barbara Lou | sold | -195,078 | 42.1607 | -4,627 | vice president and controller |
2023-02-16 | Shultz Barbara Lou | acquired | - | - | 2,038 | vice president and controller |
2023-02-16 | Giacobbe Ken | acquired | 4,790,090 | 43.0729 | 111,209 | evp and cfo |
2023-02-16 | Giacobbe Ken | sold | -4,790,090 | 43.0729 | -111,209 | evp and cfo |
2023-02-16 | Marchuk Neil Edward | acquired | - | - | 16,764 | evp, hr |
2023-02-16 | CHANATRY MICHAEL NIEM | acquired | - | - | 5,588 | vice president |
2023-02-16 | Giacobbe Ken | acquired | - | - | 16,299 | evp and cfo |
2023-02-16 | LIN LOLA FELICE | acquired | - | - | 11,176 | evp, cl&co and secretary |
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.
HWM Income Statement
2022-12-31Statement of Consolidated Operations - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Sales (D) | $ 5,663 | $ 4,972 | $ 5,259 |
| Cost of goods sold (exclusive of expenses below) | 4,103 | 3,596 | 3,878 |
| Selling, general administrative, and other expenses | 288 | 251 | 277 |
| Research and development expenses | 32 | 17 | 17 |
| Provision for depreciation and amortization | 265 | 270 | 279 |
| Restructuring and other charges | 56 | 90 | 182 |
| Operating income | 919 | 748 | 626 |
| Loss on debt redemption (R) | 2 | 146 | 64 |
| Interest expense, net (F) | 229 | 259 | 317 |
| Other expense, net (G) | 82 | 19 | 74 |
| Income from continuing operations before income taxes | 606 | 324 | 171 |
| Provision (benefit) for income taxes (I) | 137 | 66 | (40) |
| Net income from continuing operations attributable to common shareholders | 469 | 258 | 211 |
| Income from discontinued operations after income taxes (C) | 0 | 0 | 50 |
| Net income | 469 | 258 | 261 |
| Amounts Attributable to Howmet Aerospace Inc. Common Shareholders (K): | |||
| Net income | $ 467 | $ 256 | $ 259 |
| Earnings per share - basic | |||
| Continuing operations (in usd per share) | $ 1.12 | $ 0.60 | $ 0.48 |
| Discontinued operations (in usd per share) | 0 | 0 | 0.11 |
| Earnings per share - diluted | |||
| Continuing operations (in usd per share) | 1.11 | 0.59 | 0.48 |
| Discontinued operations (in usd per share) | $ 0 | $ 0 | $ 0.11 |
| Average Shares Outstanding (J): | |||
| Average shares outstanding - basic (in shares) | 416 | 430 | 435 |
| Average shares outstanding - diluted (in shares) | 421 | 435 | 439 |
HWM Balance Sheet
2022-12-31Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 791 | $ 720 |
| Receivables from customers, less allowances of $1 in 2022 and $— in 2021 (M) | 506 | 367 |
| Other receivables (M) | 31 | 53 |
| Inventories (N) | 1,609 | 1,402 |
| Prepaid expenses and other current assets | 206 | 195 |
| Total current assets | 3,143 | 2,737 |
| Properties, plants, and equipment, net (O) | 2,332 | 2,467 |
| Goodwill (A and P) | 4,013 | 4,067 |
| Deferred income taxes (I) | 54 | 184 |
| Intangibles, net (P) | 521 | 549 |
| Other noncurrent assets (A and Q) | 192 | 215 |
| Total assets | 10,255 | 10,219 |
| Current liabilities: | ||
| Accounts payable, trade | 962 | 732 |
| Accrued compensation and retirement costs | 195 | 198 |
| Taxes, including income taxes | 48 | 61 |
| Accrued interest payable | 75 | 74 |
| Other current liabilities (A and Q) | 202 | 183 |
| Short-term debt (R and S) | 0 | 5 |
| Total current liabilities | 1,482 | 1,253 |
| Long-term debt, less amount due within one year (R and S) | 4,162 | 4,227 |
| Accrued pension benefits (H) | 633 | 771 |
| Accrued other postretirement benefits (H) | 109 | 153 |
| Other noncurrent liabilities and deferred credits (A and Q) | 268 | 307 |
| Total liabilities | 6,654 | 6,711 |
| Contingencies and commitments (V) | ||
| Howmet Aerospace Inc. shareholders’ equity: | ||
| Preferred stock (J) | 55 | 55 |
| Common stock (J) | 412 | 422 |
| Additional capital (J) | 3,947 | 4,291 |
| Retained earnings (A) | 1,028 | 603 |
| Accumulated other comprehensive loss (A and L) | (1,841) | (1,863) |
| Total equity | 3,601 | 3,508 |
| Total liabilities and equity | $ 10,255 | $ 10,219 |