Howmet Aerospace Climbs 52.6% in a Year, Outpacing Industry and S&P 500

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

Howmet Aerospace shares have surged 52.6% over the past year, far exceeding the industry's 7.1% return and the S&P 500's 24.6% gain. The stock closed at $268.86, near its 52-week high of $290.63, and is trading above both its 50-day and 200-day moving averages. First-quarter 2026 commercial aerospace revenue rose 20% year over year to more than $1.2 billion, accounting for 53% of quarterly sales, while defense aerospace revenue increased 10%. The company paid $48 million in dividends and repurchased $300 million in shares during the first three months of 2026, following a 20% dividend hike to 12 cents per share in August 2025 and a $2 billion increase to its share repurchase program in July 2024. The Zacks Consensus Estimate for 2026 earnings has risen 7.7% in the past 60 days, though the stock trades at a forward price-to-earnings ratio of 49.06, well above the industry average of 33.28.

Impact on stocks 3

Aerospace & Aviation▲ · 3 stocks
Howmet Aerospace Inc
HWM
▲ PositiveCapitalrelevance

Strong revenue growth, dividend hike, share buybacks, and rising earnings estimates drive stock outperformance.

Theme Impact 1

Related news

▲3

S&P 500 Q3 Earnings Expected to Rise 24%, Eighth Straight Double-Digit Quarter

S&P 500 earnings are expected to increase by +24% from the same period last year in the third quarter, the 8th straight quarter of double-digit earnings growth for the index, according to Zacks Investment Research. Earnings are expected to be above the year-earlier level for 14 of the 16 Zacks sectors, with 5 sectors expected to enjoy double-digit growth: Aerospace up +159.3%, Energy up +111.9%, Tech up +41.9%, Basic Materials up +31.2%, and Transportation up +15.1%. The Conglomerates sector is the only one expected to have lower earnings in Q3 relative to the same period last year, down 35.4%, while Consumer Staples earnings are expected to be flat. Excluding the Energy sector, Q3 earnings growth for the S&P 500 drops to +20% from +24%, and excluding the Tech sector, growth for the rest of the index drops to +14.4%. Nvidia's Q3 earnings are expected to increase +90% year-over-year on +91.2% higher revenues, while Micron's year-over-year earnings and revenue growth rates are expected to be +938% and +348.6%, respectively, and Tech sector earnings growth gets cut by slightly more than half once contributions from Nvidia and Micron are excluded. The Q3 earnings season will get the spotlight when the big banks report on October 13th, but the reporting cycle actually got underway with the September 10th quarterly releases from Oracle and Adobe, followed by homebuilder Lennar as the third S&P 500 member to report such Q3 results, with an additional six index members on deck this week including Costco, AutoZone and Darden. Total Q3 earnings for the three S&P 500 members that have reported results already are up +22.6% from the same period last year on +14.9% higher revenues, with 33.3% beating EPS estimates and 66.7% besting revenue estimates.
ADBEAZOCOSTDRILENMU+2
Artificial Intelligence ▲Semiconductors ▲Aerospace & Aviation ▲
Zacks Investment Research·10hRead more →
2impact 4

Lockheed Martin Signs JATM Framework Agreement With U.S. Department of War

The U.S. Department of War signed a landmark framework agreement with Lockheed Martin to rapidly scale production and delivery of the AIM-260 Joint Advanced Tactical Missile, establishing a multi-year procurement pathway under the Trump administration's "Arsenal of Freedom" framework. The AIM-260 JATM is designed to replace the legacy AIM-120 AMRAAM with significantly extended range, advanced signal processing and superior lethality against peer and near-peer air threats. Lockheed Martin is the lead prime contractor, while Northrop Grumman supplies advanced solid rocket motors, warheads and sensor technologies and has delivered more than 1 million tactical solid rocket motors. RTX Corporation, the legacy manufacturer of AMRAAM, is working with the U.S. government and NATO allies to scale AMRAAM production to at least 1,900 units per year, and Boeing and General Dynamics also stand to benefit as suppliers of navigation, guidance, energetics and structural components. The framework is expected to benefit defense-focused exchange-traded funds, including the iShares U.S. Aerospace & Defense ETF with $12.54 billion in net assets, the Invesco Aerospace & Defense ETF with a market value of $7.63 billion, and the State Street SPDR S&P Aerospace & Defense ETF with $6.13 billion in assets under management.
BAGDLMTNOCRTX
Defense & Geopolitical Fragmentation ▲Aerospace & Aviation
Zacks Investment Research·13hRead more →

Honeywell CEO Calls GE's $11.75 Billion CPP Deal Positive for Aerospace

Honeywell Aerospace CEO Jim Currier called GE Aerospace's planned $11.75 billion acquisition of Consolidated Precision Products positive for the industry overall, while noting Honeywell does not directly compete with CPP because the parts it sources differ from GE's. CPP supplies roughly a quarter of GE's casting requirements, and GE expects the business to generate about $2 billion of revenue in 2027. Currier said Honeywell could bring additional outsourced capabilities back in-house through smaller, complementary acquisitions, after the company cut its 2026 organic sales-growth outlook to 4%-5% from 7%-9% and quadrupled spending on multi-sourcing and in-sourcing initiatives this year. Honeywell deployed skilled workers into supplier factories, which Currier said helped increase production 30% year over year during the preceding 30-45 days. In the second quarter, sales rose 5% to $4.52 billion, but adjusted EPS fell 32% to $1.87, with supply constraints and an unfavorable mix weighing on profitability.
GE ▲HON ▼HONA
Aerospace & Aviation
Insider Monkey·16hRead more →
© 2026 MarketDXNews