Howmet Aerospace Inc.
At today's price, Howmet Aerospace Inc. (HWM) is priced for today's economics sustained for ~12.8 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Howmet is the company that makes the parts that spin inside jet engines, and its Engine Products segment is the entire investment case: in fiscal 2025 it generated $4,327 million of sales and $1,438 million of segment-adjusted EBITDA, a roughly 33% margin that dwarfs the rest of the portfolio [Source: Howmet FY2025 10-K, accession 0000004281-26-000012]. • The defining risk is the price, not the business: at $277.73 the stock trades at roughly 49 times operating income, a multiple that none of
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1,426 institutional managers reported holding HWM in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 48%. 181 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 9.3M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HWM has cut its share count 7.2% over the past five years, spending $2.38B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 5 years straight; the current rate is $0.44 a share annually. Cash returned over the past three years: $376.00M in dividends and $1.63B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at HWM over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HWM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -6.0% | -4.8% |
| 2023-11-03 | +7.3% | +12.2% |
| 2024-02-14 | +7.7% | +0.1% |
| 2024-05-03 | +18.1% | -0.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HWM's latest 8-K filings: 2026-05-28 (items 8.01, 9.01); 2026-05-26 (items 5.07); 2026-05-07 (items 2.02, 9.01); 2026-04-06 (items 7.01); 2026-04-06 (items 2.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.