HWM
IndustrialsHowmet Aerospace Inc. · Aerospace & Defense · $103B
What is Howmet Aerospace Inc.?
Howmet Aerospace is a Pittsburgh-based manufacturer of precision-engineered components for the aerospace and commercial transportation industries. Operating across four business segments, the company serves customers in more than a dozen countries worldwide.
Howmet generates revenue by designing and manufacturing highly engineered parts that go into aircraft engines, airframes, and heavy-duty trucks. Its four segments — Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels — each address distinct manufacturing needs. Engine Products supplies airfoils and rotating parts for jet engines and industrial gas turbines. Fastening Systems produces aerospace and commercial fasteners. Engineered Structures delivers titanium and aluminum forgings for aerospace and defense. Forged Wheels serves the heavy-duty trucking market.
Howmet Aerospace was established in its current form in 2016 and is headquartered in Pittsburgh, Pennsylvania — though its industrial roots trace back to 1888.
- Airfoils and seamless rolled rings for aircraft engines
- Aerospace fastening systems and commercial fasteners
- Titanium ingots and mill products for defense applications
- Aluminum and nickel forgings and machined assemblies
- Forged aluminum wheels for heavy-duty commercial trucks
Is HWM a Good Stock to Buy?
UQS Score rates HWM as Good overall, reflecting a balanced profile with meaningful strengths and one area of caution.
Howmet's Quality and Growth pillars both carry Strong ratings — suggesting the business generates durable earnings and is expanding at a pace that stands out relative to sector peers. The Risk pillar earns a Good label, indicating the company's financial structure and operational profile are relatively well-managed for an industrial manufacturer.
The Valuation pillar is rated Elevated, meaning the market appears to be pricing in a great deal of future performance — leaving less margin of safety for new buyers.
Pro members can view the exact pillar breakdown and the underlying financial metrics that drive each rating. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does HWM pay dividends?
Yes — Howmet Aerospace Inc. pays a dividend.
Howmet Aerospace pays a regular dividend, which is relatively uncommon among aerospace component manufacturers still investing heavily in capacity. The dividend reflects the company's confidence in its cash generation. Income-oriented investors should weigh the yield against the Elevated Valuation rating when assessing total return potential.
When does HWM report earnings?
Howmet Aerospace reports earnings on a quarterly cadence, consistent with standard practice for US-listed industrial companies.
The company's Strong Quality and Growth pillar ratings suggest recent reporting periods have reflected healthy revenue trends and disciplined cost management relative to industrial sector peers. Segment-level performance across aerospace and transportation has contributed to the overall profile.
For the most recent quarter's results and upcoming reporting dates, visit Howmet Aerospace's investor relations page directly.
HWM Price History
+608.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Howmet Aerospace Inc.?
Based on Howmet Aerospace Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
HWM Long-term Outlook
Howmet's Strong Growth pillar points to a business with meaningful forward momentum, supported by sustained demand in commercial aerospace and defense. The Good Risk rating suggests the company is not taking on outsized financial risk to achieve that growth. However, the Elevated Valuation pillar signals that much of the anticipated expansion may already be reflected in the share price, making execution consistency especially important.
Growth drivers
- Recovery and expansion in commercial aerospace build rates globally
- Defense spending supporting demand for titanium and structural forgings
- Heavy-duty truck market driving Forged Wheels segment volumes
Key risks
- Elevated valuation leaves limited buffer if growth disappoints
- Supply chain disruptions affecting aerospace-grade materials
- Cyclical exposure to commercial aviation and trucking demand
HWM vs Peers
Howmet competes broadly within the industrials sector alongside diversified manufacturers, though its aerospace-component focus sets it apart from more generalist peers.
Cummins focuses on engines and power solutions for commercial vehicles, overlapping with Howmet primarily in the commercial transportation market rather than aerospace.
Parker-Hannifin is a broader motion and control technology company serving aerospace and industrial markets, competing with Howmet across multiple engineered-component categories.
Emerson operates across automation and industrial technology, with less direct aerospace-component overlap but competing for the same large-cap industrials investor base.
Frequently Asked Questions
What does Howmet Aerospace do?
Howmet Aerospace manufactures precision-engineered components for the aerospace and commercial transportation industries. Its products include jet engine airfoils, aerospace fasteners, titanium structural forgings, and forged aluminum wheels for heavy-duty trucks. The company operates globally across four distinct business segments.
Does HWM pay dividends?
Yes, Howmet Aerospace pays a regular dividend. This is notable for an aerospace component manufacturer that also invests in production capacity. Investors should review the current dividend details on the company's investor relations page, as amounts and timing can change.
When does HWM report earnings?
Howmet Aerospace follows a standard quarterly earnings cadence for US-listed companies. Specific upcoming report dates are not covered by our data source — check the company's investor relations page or a financial calendar for confirmed dates.
Is HWM a good stock to buy?
UQS Score rates HWM as Good overall, with Strong marks on Quality and Growth and a Good Risk rating. The main caution is an Elevated Valuation pillar, which suggests the current price already reflects strong expectations. The full pillar breakdown is available to Pro members.
Is HWM overvalued?
HWM's Valuation pillar is rated Elevated within the UQS framework, indicating the stock trades at a premium relative to the scoring model's fair-value benchmarks. Whether that premium is justified depends on how consistently the company delivers on its Strong Growth profile going forward.
How does HWM compare to its competitors?
Howmet's aerospace-component specialization differentiates it from broader industrial conglomerates like Parker-Hannifin and Emerson Electric. While peers operate across many end markets, Howmet's revenue is more concentrated in aerospace and defense — which can mean higher growth during aviation upcycles but also more cyclical exposure.
What is HWM's market cap bracket?
Howmet Aerospace is classified as a large-cap company. This places it among the more established and liquid names in the industrials sector, typically attracting institutional investor interest alongside retail participation.
Who founded Howmet Aerospace?
The company's industrial heritage dates to 1888. In its current form, Howmet Aerospace emerged in 2016 following a corporate separation. Detailed founding history is widely available through the company's official corporate timeline and public filings.
Is HWM a long-term quality stock?
As a long-term quality indicator, HWM's Strong Quality and Good Risk pillar ratings suggest a business with durable earnings characteristics and manageable financial risk. The Elevated Valuation pillar is worth monitoring over time, as entry price can significantly affect long-term returns.
What is the main competitive advantage of Howmet Aerospace?
Howmet's advantage lies in its engineering depth and manufacturing precision for safety-critical aerospace components. Producing certified airfoils, titanium forgings, and fastening systems for jet engines requires years of qualification — creating meaningful barriers that limit how quickly new competitors can enter.
What sector does HWM belong to?
HWM is classified in the Industrials sector. Within that broad category, it sits in the aerospace and defense supply chain — making it sensitive to commercial aviation build rates, defense budgets, and heavy-duty trucking demand cycles.
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Pro Analysis
HWM — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 17, 2026 | 64.5 | 80.1 | 46.0 | 86.1 | 75.3 | 29.6 | +0.4 |
| May 7, 2026 | 64.1 | 80.4 | 46.0 | 86.1 | 74.4 | 27.3 | -0.1 |
| May 3, 2026 | 64.2 | 80.4 | 46.0 | 86.1 | 74.4 | 28.3 | 0.0 |
| Apr 26, 2026 | 64.2 | 80.4 | 46.0 | 86.1 | 74.4 | 28.1 | +0.1 |
| Apr 24, 2026 | 64.1 | 80.4 | 46.0 | 86.1 | 74.4 | 27.3 | 0.0 |
| Apr 19, 2026 | 64.1 | 80.4 | 46.0 | 86.1 | 74.4 | 27.2 | +0.1 |
| Apr 18, 2026 | 64.0 | 80.4 | 46.0 | 86.1 | 74.4 | 27.0 | -1.0 |
| Apr 14, 2026 | 65.0 | 80.4 | 46.0 | 86.1 | 74.4 | 33.8 | -0.1 |
| Apr 12, 2026 | 65.1 | 80.4 | 46.0 | 86.1 | 74.4 | 33.9 | -0.2 |
| Apr 5, 2026 | 65.3 | 80.6 | 46.0 | 86.1 | 74.4 | 35.3 | +0.1 |
HWM — Pillar Breakdown
Quality
— 80.1/100 (25%)Howmet Aerospace Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 86.1/100 (20%)Howmet Aerospace Inc. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 75.3/100 (15%)Howmet Aerospace Inc. carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 30.0/100 (15%)Howmet Aerospace Inc. appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 46/100 (25%)Howmet Aerospace Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HWM.
Score Composition
Financial Data
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How is the HWM UQS Score Calculated?
The UQS (Unified Quality Score) for Howmet Aerospace Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Howmet Aerospace Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Howmet Aerospace Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.