Howmet Lifts Annual Forecasts On Robust Demand For Aircraft Parts

Jefferies reduced its price target for Howmet Aerospace (HWM) to $350 from $370, citing a 17% share decline over six months, though it maintains a Buy rating. The company reported 22% revenue growth and stronger-than-expected Q3 2026 results, raising its full-year outlook. Analysts anticipate 54% upside, with 10 revising earnings upwards. HWM is pursuing growth projects and sees strong demand in aerospace and industrial sectors.

Howmet Aerospace (HWM) reported Q3 2026 revenue of $2.7B (+29% YoY), beating estimates. EPS of $1.46 also surpassed forecasts. Strong growth in commercial aerospace and industrial gas turbines drove performance. Stock rose 2.06% post-earnings. Company raised full-year guidance and announced a $5B share buyback program.

Howmet Aerospace (HWM) reported Q3 revenue of $2.7B, up 29% YoY, with EBITDA rising 43% to $879M. Organic growth was 25%, the highest on record, driven by strong demand in aerospace, defense, and gas turbines. EPS increased 54% to $1.46. The company repurchased $500M in stock and raised its dividend 17%. Management highlighted long-term demand visibility but noted some pressure points in certain segments.

Howmet Aerospace (HWM) reported Q3 revenue growth across segments, with defense aerospace up 10% and industrial gas turbines up 45%. The company raised its 2026 outlook and introduced a 2027 revenue target of $11.5B. It also increased share buybacks and dividends. Management highlighted strong demand in industrial gas turbines and aerospace spare parts.

BNP Paribas kept its Outperform rating on Howmet Aerospace but cut its price target from $310 to $250, a 19.4% reduction. The new target suggests a 21.4% upside from the Oct 29 closing price of $205.94. Other recent analyst price targets for the company range from $255 to $300.

Howmet Aerospace (HWM) reported Q3 2026 revenue of $2.7B, up 29% YoY, with EBITDA rising 43% to $879M. Free cash flow hit a record $562M, supporting $500M in buybacks. Gas Turbine revenue surged 45%, and guidance was raised for 2026-2027. Challenges include margin declines in Fastening Systems and Engineered Structures, and defense budget uncertainty.