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Howmet Aerospace Inc. - HWM STOCK NEWS

Welcome to our dedicated page for Howmet Aerospace news (Ticker: HWM), a resource for investors and traders seeking the latest updates and insights on Howmet Aerospace stock.

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 essential for mission-critical performance and efficiency in aerospace and defense applications. Additionally, Howmet manufactures forged wheels for commercial transportation, which further showcases its diverse capabilities.

Howmet operates in four distinct segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. These segments are dedicated to producing innovative products such as airfoils with cooling and coatings for extreme temperature applications, fasteners for lightweight composite airframe construction, and lightweight aluminum commercial wheels. These advancements contribute to the development of lighter, more fuel-efficient aircraft that operate with a lower carbon footprint.

With nearly 1,150 granted and pending patents, Howmet's technologies ensure its products remain at the forefront of the industry. The company's commitment to innovation and quality is evident in its continuous efforts to create solutions that meet the evolving needs of its customers.

News

Howmet Aerospace to Present at Barclays Industrial Select Conference

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Howmet Aerospace Inc. (NYSE:HWM) announced that its CEO and CFO will speak at the Barclays Industrial Select Conference on February 21, 2024. The event will be webcasted live and available for replay on the company's website.
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Howmet Aerospace Board Approves Common and Preferred Stock Dividends

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Howmet Aerospace (HWM) declared a dividend of 5 cents per share on the outstanding Common Stock, and 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock. The dividends will be paid on February 26, 2024, and April 1, 2024, respectively, to the holders of record at the close of business on February 9, 2024, and March 15, 2024.
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Howmet Aerospace to Host Webcast and Announce Fourth Quarter 2023 and Full Year 2023 Results

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Howmet Aerospace Inc. (HWM) will announce its Q4 2023 and full year 2023 financial results on February 13, 2024. The press release and presentation materials will be available at 7:00 AM ET on the company's website. A conference call and webcast will follow at 10:00 AM ET, hosted by the Executive Chairman, CEO, and CFO.
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Howmet Aerospace Completes Debt Actions

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Howmet Aerospace (NYSE: HWM) completed debt actions in December 2023, drawing approximately $400 million from two term loan facilities and completing an early partial redemption of its 5.125% Notes due October 2024. The Company entered into interest rate swaps to exchange floating interest rates into fixed rates, obtaining a weighted average fixed interest rate of approximately 3.9%. S&P Global Ratings upgraded Howmet Aerospace’s Long-Term Issue Credit Rating to 'BBB-' from 'BB+' and updated the rating outlook to stable, making the company investment grade by two of the three credit rating agencies.
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Howmet’s Protection of the F-35 Program Despite Lockheed Martin’s Actions

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Howmet Aerospace (HWM) responds to Lockheed Martin's lawsuit regarding the F-35 Program, denying allegations and emphasizing compliance with contractual and regulatory obligations. Howmet supplies titanium products to Lockheed Martin and other customers, facing challenges due to reduced global titanium sponge supply and increased prices. Despite these challenges, Howmet continues to supply the F-35 Program and its customers.
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Howmet Aerospace Board Approves Preferred Stock Dividends

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Howmet Aerospace (NYSE:HWM) Declares Dividend of 93.75 Cents per Share for Class A Stock
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Howmet Aerospace Reports Third Quarter 2023 Results

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Howmet Aerospace reported strong financial results for the third quarter of 2023, with a 16% increase in revenue year over year. Net income was $188 million, up from $80 million in the same quarter last year. The company also announced a $200 million debt redemption, $25 million in share repurchases, and an increased common stock dividend. Full year 2023 guidance was raised, and preliminary revenue growth guidance for 2024 is approximately 7%.
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Howmet Aerospace to Host Webcast and Announce Third Quarter 2023 Results

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Howmet Aerospace Inc. (NYSE: HWM) will announce its Q3 2023 financial results on November 2, 2023.
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Howmet Aerospace Elects Gunner Smith to Board of Directors

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Howmet Aerospace Inc. announces the election of Gunner Smith as an independent director on the Board, effective September 29, 2023.
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Howmet Aerospace Board Approves Quarterly Common Stock Dividend

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Howmet Aerospace increases quarterly dividend by 25% to 5 cents per share.
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FAQ

What is the current stock price of Howmet Aerospace (HWM)?

The current stock price of Howmet Aerospace (HWM) is $110.83 as of December 20, 2024.

What is the market cap of Howmet Aerospace (HWM)?

The market cap of Howmet Aerospace (HWM) is approximately 44.4B.

What does Howmet Aerospace Inc. specialize in?

Howmet Aerospace specializes in jet engine components, aerospace fastening systems, titanium structural parts, and forged wheels for commercial transportation.

Where is Howmet Aerospace Inc. headquartered?

Howmet Aerospace Inc. is headquartered in Pittsburgh, Pennsylvania.

What are the main business segments of Howmet Aerospace Inc.?

Howmet Aerospace Inc. operates in four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

How many patents does Howmet Aerospace Inc. hold?

Howmet Aerospace Inc. holds nearly 1,150 granted and pending patents.

What markets does Howmet Aerospace Inc. serve?

Howmet Aerospace Inc. serves the aerospace, commercial transportation, and industrial markets.

How does Howmet Aerospace Inc. contribute to making aircraft more fuel-efficient?

Howmet Aerospace Inc. provides technologies that enable lighter, more fuel-efficient aircraft with lower carbon footprints through advanced engineering and innovative products.

What are some examples of products offered by Howmet Aerospace Inc.?

Some products include airfoils with cooling and coatings for extreme temperatures, specially designed fasteners, and lightweight aluminum wheels.

In which industries are Howmet Aerospace Inc.'s products primarily used?

Howmet Aerospace's products are primarily used in aerospace, commercial transportation, and industrial markets.

What are the core values of Howmet Aerospace Inc.?

Howmet Aerospace Inc. is committed to innovation, quality, and providing advanced engineered solutions to meet customer needs.

How does Howmet Aerospace Inc. stay ahead in its industry?

By continuously innovating and securing patents for new technologies, Howmet Aerospace Inc. ensures that its products lead in performance and efficiency in the aerospace and transportation sectors.

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Howmet Aerospace Inc.

NYSE:HWM

HWM Rankings

#292 Ranked by Market Cap
#2083 Ranked by Dividends

HWM Stock Data

44.43B
401.95M
1.06%
92.95%
1.92%
Aerospace & Defense
Rolling Drawing & Extruding of Nonferrous Metals
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United States of America
PITTSBURGH