Market Summary
USD46.30-0.24
Market Closedas of 21 Sep 2023, 09:31 am-0.52%
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
30.6051.34
(Low)(High)
Last 7 days
-1.1%
Last 30 days
-4.2%
Last 90 days
0.0%
Trailing 12 Months
35.8%
HWM Financial Health
HWM Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for HWM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-09 | Marchuk Neil Edward | sold | -4,004,460 | 50.0558 | -80,000 | evp, hr |
2023-07-06 | CANTIE JOSEPH S | acquired | 29,957 | 48.95 | 612 | - |
2023-07-06 | Miller Jody | acquired | 31,817 | 48.95 | 650 | - |
2023-05-19 | LEDUC ROBERT F | acquired | - | - | 3,559 | - |
2023-05-19 | SCHMIDT ULRICH | acquired | - | - | 3,559 | - |
2023-05-19 | Alving Amy E | acquired | - | - | 3,559 | - |
2023-05-19 | Barner Sharon R | acquired | - | - | 3,559 | - |
2023-05-19 | Miller Jody | acquired | - | - | 3,559 | - |
2023-05-19 | CANTIE JOSEPH S | acquired | - | - | 3,559 | - |
2023-05-19 | Miller David J | acquired | - | - | 3,559 | - |
Which funds bought or sold HWM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-14 | IMS Capital Management | new | - | 213,455 | 213,455 | 0.12% |
2023-09-12 | Farther Finance Advisors, LLC | added | 4.72 | 1,210 | 6,591 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 300 | 3,136 | -% |
2023-08-24 | Alberta Investment Management Corp | reduced | -77.39 | -2,412,350 | 867,300 | 0.01% |
2023-08-23 | Stonebridge Capital Advisors LLC | added | 429 | 51,235 | 61,107 | 0.01% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 240,484 | 240,484 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 1,000 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | new | - | 5,704,360 | 5,704,360 | 0.06% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-21 | BOKF, NA | reduced | -4.76 | 5,579 | 54,516 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Howmet Aerospace
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 02, 2023 | elliott investment management l.p. | 4.2% | 17,270,000 | SC 13D/A | |
| May 08, 2023 | elliott investment management l.p. | 5.4% | 22,514,375 | SC 13D/A | |
| 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 |
Recent SEC filings of Howmet Aerospace
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 21, 2023 | S-3ASR | S-3ASR | |
| Aug 16, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 09, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 07, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 03, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 01, 2023 | 8-K | Current Report | |
| Aug 01, 2023 | 4 | Insider Trading | |
| Aug 01, 2023 | 10-Q | Quarterly Report |
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 | 128.3B | 67.4B | -5.44% | 1.51% | 22.39 | 1.94 | 5.03% | 50.05% |
BA | 123.5B | 73.6B | -10.94% | 38.67% | -29.91 | 1.75 | 21.18% | 15.27% |
GD | 63.0B | 40.9B | 0.57% | -1.00% | 18.58 | 1.6 | 6.29% | 1.81% |
HWM | 19.2B | 6.2B | -4.18% | 35.76% | 36.13 | 3.1 | 17.26% | 39.27% |
| MID-CAP | ||||||||
HII | 8.2B | 10.9B | -6.52% | -11.22% | 15.77 | 0.75 | 6.30% | -11.11% |
CW | 7.8B | 2.7B | -0.38% | 40.16% | 24.29 | 2.86 | 10.88% | 24.36% |
BWXT | 6.9B | 2.3B | 5.00% | 42.90% | 30.63 | 2.95 | 7.03% | -27.80% |
HXL | 5.7B | 1.7B | -4.81% | 15.88% | 38.55 | 3.37 | 15.46% | 64.82% |
MAXR | 4.0B | 1.6B | 3.78% | 60.43% | -25.48 | 2.47 | -9.20% | -222.66% |
WIRE | 3.0B | 2.8B | 11.03% | 49.17% | 5.32 | 1.1 | -7.16% | -17.30% |
| SMALL-CAP | ||||||||
KAMN | 565.5M | 758.8M | -7.22% | -34.61% | -11.52 | 0.75 | 12.62% | -255.14% |
TGI | 548.5M | 1.4B | -14.88% | -23.59% | 6.71 | 0.4 | -3.95% | 459.45% |
NPK | 518.5M | 343.1M | -1.62% | 8.93% | 20.35 | 1.51 | 5.39% | 50.17% |
ASTC | 16.7M | 360.0K | -0.20% | 2102.94% | -1.79 | 46.38 | -57.89% | -20.15% |
Howmet Aerospace News
Returns for HWM
Cumulative Returns on HWM
10.1%
10-Year Cumulative Returns
11.7%
7-Year Cumulative Returns
21.8%
5-Year Cumulative Returns
38.1%
3-Year Cumulative Returns
Risks for HWM
What is the probability of a big loss on HWM?
42.7%
Probability that Howmet Aerospace stock will be more than 20% underwater in next one year
28.1%
Probability that Howmet Aerospace stock will be more than 30% underwater in next one year.
25%
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
Financials for Howmet Aerospace
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 4.3% | 6,197 | 5,942 | 5,663 | 5,435 | 5,285 | 5,087 | 4,972 | 4,925 | 4,776 | 4,834 | 5,259 | 5,755 | 6,415 | 6,980 | 7,098 | 8,836 | 10,566 | 12,321 | 14,014 | 13,813 | 13,525 |
| S&GA Expenses | 1.7% | 299 | 294 | 288 | 286 | 283 | 255 | 251 | 248 | 244 | 263 | 277 | 312 | 335 | 363 | 400 | 276 | 321 | 377 | 371 | 610 | 628 |
| R&D Expenses | 0% | 34.00 | 34.00 | 32.00 | 27.00 | 24.00 | 19.00 | 17.00 | 17.00 | 18.00 | 18.00 | 17.00 | 19.00 | 20.00 | 23.00 | 28.00 | -1.00 | 18.00 | 40.00 | 41.00 | 105 | 104 |
| EBITDA | -100.0% | - | 1,151 | 1,100 | 1,031 | 959 | 400 | 335 | 189 | 168 | 33.00 | 133 | 501 | 747 | 646 | 408 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.19* | 0.19* | 0.19* | 0.18* | 0.08* | 0.07* | 0.04* | 0.04* | 0.01* | 0.03* | 0.09* | 0.09* | 0.06* | 0.03* | - | - | - | - | - | - |
| Interest Expenses | -0.9% | 226 | 228 | 229 | 230 | 236 | 245 | 259 | 277 | 291 | 369 | 317 | 387 | 395 | 337 | 338 | 342 | 345 | 348 | 377 | 389 | 401 |
| Earnings Before Taxes | 9.2% | 715 | 655 | 606 | 536 | 455 | 382 | 324 | 317 | 282 | 86.00 | 171 | 298 | 473 | 291 | 210 | -62.00 | 24.00 | 486 | 428 | 187 | 110 |
| EBT Margin | -100.0% | - | 0.11* | 0.11* | 0.10* | 0.09* | 0.08* | 0.07* | 0.06* | 0.06* | 0.02* | 0.03* | 0.07* | 0.07* | 0.04* | 0.02* | - | - | - | - | - | - |
| Net Income | 9.5% | 532 | 486 | 469 | 435 | 382 | 309 | 258 | 287 | 296 | 126 | 261 | 273 | 295 | 255 | 126 | 226 | 329 | 585 | 642 | -303 | -345 |
| Net Income Margin | -100.0% | - | 0.08* | 0.08* | 0.08* | 0.07* | 0.06* | 0.05* | 0.06* | 0.06* | 0.03* | 0.05* | 0.08* | 0.06* | 0.05* | 0.04* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 506 | 540 | 372 | 369 | 304 | 250 | 112 | 91.00 | 124 | -258 | -27.00 | -184 | -213 | -180 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.6% | 10,233 | 10,174 | 10,255 | 9,929 | 10,052 | 10,129 | 10,219 | 10,357 | 10,379 | 10,971 | 11,443 | 11,339 | 11,363 | 18,465 | 17,562 | 17,484 | 17,913 | 18,361 | 18,693 | 18,327 | 18,219 |
| Current Assets | 2.3% | 3,128 | 3,057 | 3,143 | 2,846 | 2,837 | 2,782 | 2,737 | 2,820 | 2,799 | 3,328 | 3,672 | 3,600 | 3,702 | 6,948 | 5,843 | 5,908 | 6,018 | 6,053 | 6,581 | 6,132 | 6,075 |
| Cash Equivalents | -0.4% | 535 | 537 | 791 | 453 | 538 | 522 | 722 | 726 | 716 | 1,239 | 1,611 | 1,368 | 1,285 | 2,643 | 1,703 | 1,324 | 1,360 | 1,326 | 2,282 | 1,542 | 1,460 |
| Inventory | 3.2% | 1,715 | 1,662 | 1,609 | 1,612 | 1,563 | 1,483 | 1,402 | 1,420 | 1,456 | 1,453 | 1,488 | 1,592 | 1,673 | 2,512 | 1,607 | 2,555 | 2,606 | 2,612 | 2,492 | 2,622 | 2,659 |
| Net PPE | -0.1% | 2,319 | 2,321 | 2,332 | 2,288 | 2,340 | 2,400 | 2,467 | 2,483 | 2,515 | 2,524 | 2,592 | 2,552 | 2,558 | 5,358 | 2,629 | 5,377 | 5,517 | 5,727 | 24.00 | 5,645 | 5,582 |
| Goodwill | 0.0% | 4,026 | 4,024 | 4,013 | 3,965 | 4,012 | 4,053 | 4,067 | 4,077 | 4,090 | 4,086 | 4,102 | 4,072 | 4,051 | -17.00 | 4,067 | 4,460 | 105 | 4,509 | 4,186 | 4,517 | 4,518 |
| Liabilities | 0.7% | 6,458 | 6,413 | 6,654 | 6,656 | 6,631 | 6,672 | 6,711 | 6,778 | 6,781 | 7,309 | 7,866 | 7,838 | 7,914 | 13,668 | 12,957 | 12,774 | 13,047 | 13,183 | 13,108 | 12,952 | 13,001 |
| Current Liabilities | 0.5% | 1,410 | 1,403 | 1,482 | 1,381 | 1,322 | 1,255 | 1,253 | 1,208 | 1,227 | 1,680 | 1,660 | 1,577 | 1,658 | 4,107 | 4,125 | 4,460 | 3,621 | 3,659 | 3,520 | 3,014 | 2,977 |
| Short Term Borrowings | - | - | - | - | 1.00 | 1.00 | 3.00 | 5.00 | 14.00 | 13.00 | 489 | 376 | 384 | 391 | 1,342 | 1,034 | 1,434 | 434 | 435 | 434 | 42.00 | 45.00 |
| Long Term Debt | 0.0% | 3,989 | 3,988 | 4,162 | 4,170 | 4,169 | 4,228 | 4,227 | 4,272 | 4,227 | 4,224 | 4,699 | 4,697 | 4,695 | 5,777 | 4,906 | 4,905 | 5,901 | 5,899 | 5,896 | 6,315 | 6,312 |
| Shareholder's Equity | 0.4% | 3,775 | 3,761 | 3,601 | 3,273 | 3,421 | 3,457 | 3,508 | 3,579 | 3,598 | 3,662 | 3,577 | 3,501 | 3,449 | 4,781 | 4,605 | 4,694 | 4,850 | 5,178 | 5,569 | 5,375 | 5,218 |
| Retained Earnings | 15.1% | 1,334 | 1,159 | 1,028 | 917 | 863 | 725 | 603 | 534 | 517 | 443 | 364 | 258 | 223 | 335 | 113 | -179 | -256 | -134 | -358 | -943 | -1,073 |
| Additional Paid-In Capital | -4.0% | 3,782 | 3,941 | 3,947 | 3,998 | 4,079 | 4,123 | 4,291 | 4,473 | 4,481 | 4,671 | 4,668 | 4,683 | 4,703 | 7,326 | 7,319 | 7,314 | 7,484 | 7,644 | 8,319 | 8,310 | 8,295 |
| Shares Outstanding | 0.2% | 413 | 412 | - | 415 | 417 | 419 | - | 429 | 432 | 434 | - | 436 | 436 | 435 | - | 436 | 445 | 471 | - | 630 | 630 |
| Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.00 | 14.00 | 14.00 | 12.00 | 12.00 | 12.00 | 14.00 | 14.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 10.1% | 772 | 701 | 733 | 581 | 583 | 510 | 449 | 297 | 265 | 211 | 9.00 | 302 | 436 | 511 | 461 | 443 | 325 | 395 | 217 | 125 | 17.00 |
| Share Based Compensation | - | 52.00 | - | - | - | 58.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cashflow From Investing | -26.8% | -175 | -138 | -135 | -143 | -52.00 | 43.00 | 107 | 263 | 321 | 263 | 271 | 509 | 401 | 497 | 528 | 525 | 590 | 578 | 565 | 252 | 287 |
| Cashflow From Financing | -9.5% | -598 | -546 | -526 | -707 | -707 | -1,270 | -1,444 | -1,204 | -1,160 | -1,882 | -369 | -763 | -903 | 318 | -1,568 | -1,184 | -1,014 | -848 | -649 | -654 | -637 |
| Buy Backs | 16.0% | 290 | 250 | 400 | 540 | 465 | 605 | 430 | 247 | 273 | 73.00 | 73.00 | 101 | 250 | 450 | 1,150 | 1,100 | 900 | 700 | - | - | - |
HWM Income Statement
2023-06-30Statement of Consolidated Operations (unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Sales (C) | $ 1,648 | $ 1,393 | $ 3,251 | $ 2,717 |
| Cost of goods sold (exclusive of expenses below) | 1,196 | 987 | 2,360 | 1,937 |
| Selling, general administrative, and other expenses | 88 | 83 | 163 | 152 |
| Research and development expenses | 9 | 9 | 18 | 16 |
| Provision for depreciation and amortization | 67 | 67 | 136 | 133 |
| Restructuring and other charges (D) | 3 | 6 | 4 | 8 |
| Operating income | 285 | 241 | 570 | 471 |
| Loss on debt redemption (N) | 0 | 2 | 1 | 2 |
| Interest expense, net | 55 | 57 | 112 | 115 |
| Other income, net (F)(P) | (13) | (1) | (6) | 0 |
| Income before income taxes | 243 | 183 | 463 | 354 |
| Provision for income taxes (G) | 50 | 36 | 122 | 76 |
| Net income | 193 | 147 | 341 | 278 |
| Amounts Attributable to Howmet Aerospace Common Shareholders (H): | ||||
| Net income | 193 | 147 | 340 | 277 |
| Net income | $ 193 | $ 147 | $ 340 | $ 277 |
| Earnings per share: | ||||
| Basic (in usd per share) | $ 0.47 | $ 0.35 | $ 0.82 | $ 0.66 |
| Diluted (in usd per share) | $ 0.46 | $ 0.35 | $ 0.81 | $ 0.66 |
| Average Shares Outstanding (H): | ||||
| Basic (in shares) | 413 | 417 | 413 | 418 |
| Diluted (in shares) | 417 | 422 | 417 | 423 |
HWM Balance Sheet
2023-06-30Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 535 | $ 791 |
| Receivables from customers, less allowances of $1 in both 2023 and 2022 (J) | 657 | 506 |
| Other receivables | 14 | 31 |
| Inventories (K) | 1,715 | 1,609 |
| Prepaid expenses and other current assets | 207 | 206 |
| Total current assets | 3,128 | 3,143 |
| Properties, plants, and equipment, net (L) | 2,319 | 2,332 |
| Goodwill | 4,026 | 4,013 |
| Deferred income taxes | 52 | 54 |
| Intangibles, net | 513 | 521 |
| Other noncurrent assets (M) | 195 | 192 |
| Total assets | 10,233 | 10,255 |
| Current liabilities: | ||
| Accounts payable, trade (B) | 881 | 962 |
| Accrued compensation and retirement costs | 209 | 195 |
| Taxes, including income taxes (G) | 78 | 48 |
| Accrued interest payable | 73 | 75 |
| Other current liabilities (M)(P) | 169 | 202 |
| Total current liabilities | 1,410 | 1,482 |
| Long-term debt, less amounts due within one year (N)(O) | 3,989 | 4,162 |
| Accrued pension benefits (E) | 626 | 633 |
| Accrued other postretirement benefits (E) | 106 | 109 |
| Other noncurrent liabilities and deferred credits (M) | 327 | 268 |
| Total liabilities | 6,458 | 6,654 |
| Contingencies and commitments (P) | ||
| Howmet Aerospace shareholders’ equity: | ||
| Preferred stock | 55 | 55 |
| Common stock | 412 | 412 |
| Additional capital | 3,782 | 3,947 |
| Retained earnings | 1,334 | 1,028 |
| Accumulated other comprehensive loss (I) | (1,808) | (1,841) |
| Total equity | 3,775 | 3,601 |
| Total liabilities and equity | $ 10,233 | $ 10,255 |
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.