Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. The Company's primary businesses focus on jet engine components, aerospace fastening systems, and titanium structural parts necessary for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation. With nearly 1,200 granted and pending patents, the Company's differentiated technologies enable lighter, more fuel-efficient aircraft to operate with a lower carbon footprint. In 2019, the businesses of Howmet Aerospace reported annual revenue of over $7 billion.
Company profile
Ticker
HWM, HWM-P
Exchange
Website
CEO
John C. Plant
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ALCOA INC, ALCOA INC., ALUMINUM CO OF AMERICA, Arconic Inc.
SEC CIK
Corporate docs
Subsidiaries
Howmet Domestic LLC • Howmet Securities LLC • Howmet International Inc. • Howmet Holdings Corporation • Howmet Castings & Services, Inc. • Howmet Corporation • Howmet International Holding Company LLC • Howmet Holdings Limited • Howmet-Köfém Kft • Howmet Global Treasury Services S.a.r.l. ...
IRS number
250317820
HWM stock data
Analyst ratings and price targets
Latest filings (excl ownership)
SD
Conflict minerals disclosure
31 May 23
S-3ASR
Automatic shelf registration
23 May 23
8-K
Submission of Matters to a Vote of Security Holders
22 May 23
10-Q
2023 Q1
Quarterly report
2 May 23
8-K
First Quarter 2023 Revenue Up 21% year over year; Strong Profit Generation
2 May 23
8-K
Other Events
3 Apr 23
8-K
Regulation FD Disclosure
31 Mar 23
ARS
2022 FY
Annual report to shareholders
30 Mar 23
DEFA14A
Additional proxy soliciting materials
30 Mar 23
DEF 14A
Definitive proxy
30 Mar 23
Transcripts
HWM
Earnings call transcript
2023 Q1
2 May 23
HWM
Earnings call transcript
2022 Q4
14 Feb 23
HWM
Earnings call transcript
2022 Q3
31 Oct 22
HWM
Earnings call transcript
2022 Q2
4 Aug 22
HWM
Earnings call transcript
2022 Q1
3 May 22
HWM
Earnings call transcript
2021 Q4
2 Feb 22
HWM
Earnings call transcript
2021 Q3
4 Nov 21
HWM
Earnings call transcript
2021 Q2
4 Aug 21
HWM
Earnings call transcript
2021 Q1
6 May 21
HWM
Earnings call transcript
2020 Q4
3 Feb 21
Latest ownership filings
SC 13D/A
Elliott Investment Management L.P.
2 Jun 23
4
MICHAEL NIEM CHANATRY
2 Jun 23
144
Notice of proposed sale of securities
26 May 23
4
ULRICH SCHMIDT
23 May 23
4
Jody Miller
23 May 23
4
David J Miller
23 May 23
4
ROBERT F LEDUC
23 May 23
4
JOSEPH S CANTIE
23 May 23
4
Sharon R Barner
23 May 23
4
Amy E Alving
23 May 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 538.00 mm | 538.00 mm | 538.00 mm | 538.00 mm | 538.00 mm | 538.00 mm |
| Cash burn (monthly) | 84.67 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 183.86 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 354.14 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 4.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
12.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 8 |
| Opened positions | 3 |
| Closed positions | 521 |
| Increased positions | 0 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 49.70 mm |
| Total puts | 0.00 |
| Total calls | 145.50 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Elliott Investment Management | 31.21 mm | $0.00 |
| Orbis Investment Management | 18.49 mm | $0.00 |
| Proequities | 0.00 | $0.00 |
| Group One Trading | 0.00 | $0.00 |
| Water Island Capital | 0.00 | $0.00 |
| Simplex Trading | 0.00 | $0.00 |
| Jane Street | 0.00 | $0.00 |
| Maven Securities | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 May 23 | Michael Niem Chanatry | Phantom Stock Units Common Stock | Grant | Acquire A | No | No | 42.78 | 236 | 10.10 k | 50,564 |
| 19 May 23 | Albaugh James F | Common Stock | Grant | Acquire A | No | No | 0 | 3,559 | 0.00 | 55,792 |
| 19 May 23 | Amy E Alving | Common Stock | Grant | Acquire A | No | No | 0 | 3,559 | 0.00 | 54,170 |
| 19 May 23 | Sharon R Barner | Common Stock | Grant | Acquire A | No | No | 0 | 3,559 | 0.00 | 12,932 |
| 19 May 23 | Joseph S Cantie | Common Stock | Grant | Acquire A | No | No | 0 | 3,559 | 0.00 | 36,032 |
News
B of A Securities Maintains Buy on Howmet Aerospace, Raises Price Target to $52
9 May 23
Barclays Maintains Overweight on Howmet Aerospace, Raises Price Target to $52
9 May 23
Howmet Aerospace Earnings Perspective: Return On Invested Capital
5 May 23
Wells Fargo Maintains Overweight on Howmet Aerospace, Raises Price Target to $52
4 May 23
Expert Ratings for Howmet Aerospace
3 May 23