Howmet Aerospace Inc. (HWM) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Howmet Aerospace (HWM) by buying shares or fractional shares at any major broker, through an ETF that holds it, or as one holding in a thematic basket. HWM is a high-quality, cyclical aerospace-components supplier leveraged to commercial aircraft build rates: a leading maker of investment-cast turbine blades, structural castings, fastening systems, and forged truck wheels. It feeds Boeing and Airbus and earns high-margin recurring engine-spares revenue, competing with Precision Castparts and Lisi Aerospace, and trades at a premium multiple.
HWM stock price
As of 2026-07-24, Howmet Aerospace Inc. (HWM) last closed at $289.26, up 52.6% over the past year. Over the past 52 weeks it has traded between $171.00 and $289.26.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Howmet Aerospace Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Howmet Aerospace Inc. (HWM) do?
Howmet Aerospace is a manufacturer of advanced engineered components for the aerospace and transportation industries. It is a leading maker of investment-cast turbine blades and structural castings for jet engines, engineered fastening systems used to hold aircraft together, aluminum and titanium structural parts, and forged aluminum wheels for commercial trucks. Howmet's products are highly engineered, precision metal parts that operate in extreme temperature and stress environments, particularly the hot sections of jet engines. The company makes money supplying these mission-critical components to engine makers and airframers for new aircraft production, and it earns substantial recurring spares and aftermarket revenue as engines are maintained over their long lives. Howmet was formed from the breakup of the old Arconic and Alcoa lineage and is now a focused aerospace and transportation supplier headquartered in Pittsburgh, Pennsylvania. It is widely viewed as a high-quality aerospace components company leveraged to rising commercial aircraft build rates and air travel.
What's driving Howmet Aerospace Inc. (HWM)?
1. Commercial aerospace ramp.
Howmet supplies critical components for jet engines and airframes, so it benefits directly as Boeing and Airbus raise production rates to work through large order backlogs. Rising commercial aircraft build rates drive demand for Howmet's turbine blades, structural castings, and fastening systems. As one of the few qualified suppliers of these precision parts, Howmet has pricing power and a long visibility into the production ramp.
2. Engine spares and aftermarket.
A large and growing share of Howmet's revenue comes from high-margin engine spares as the global fleet ages and flies more hours. Turbine blades and other hot-section parts wear out and must be replaced over an engine's life, creating durable, profitable recurring demand that is less tied to new aircraft deliveries. This aftermarket stream supports margin expansion and steadier cash flow.
3. Margin expansion and capital returns.
Howmet has improved margins meaningfully through pricing, mix shift toward aftermarket, operational efficiency, and disciplined capacity additions. Strong free cash flow has funded debt reduction, a growing dividend, and share buybacks. The combination of structural aerospace growth, expanding margins, and rising capital returns has been central to the investment story.
What are the risks to Howmet Aerospace Inc. (HWM)?
Howmet is heavily exposed to commercial aerospace, so any downturn in air travel, airline financial stress, or a slowdown at Boeing and Airbus, including production problems or order cancellations, would reduce demand. Aerospace is cyclical, and shocks like a pandemic can sharply cut flying and aircraft builds. The company depends on a concentrated set of engine and airframe customers and on the build rates of two dominant airframers. It uses specialty metals like titanium and nickel alloys, exposing it to input cost and supply volatility. Howmet trades at a premium valuation that prices in continued ramp and margin gains, leaving limited room for disappointment.
How is Howmet Aerospace Inc. (HWM) valued? (approximate, early 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Howmet Aerospace Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$8 billion
- Operating margin: ~22%
- Net income (TTM): ~$1.3 billion
- P/E (TTM): ~40x
- Revenue growth: double-digit, aerospace-driven
- Dividend yield: ~0.3%
- Free cash flow: strong and growing
Howmet trades at a premium valuation versus traditional industrials, reflecting its leverage to the commercial aerospace recovery, expanding margins, growing high-margin aftermarket revenue, and strong free cash flow. The market pays up for the structural growth and improving profitability, so the multiple is sensitive to the pace of aircraft build rates and any aerospace cyclicality. The premium leaves limited margin for execution missteps.
Which ETFs hold Howmet Aerospace Inc. (HWM)?
If you want HWM exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
| ETF | Name | % in HWM | Expense ratio | |
|---|---|---|---|---|
| XAR | SPDR S&P Aerospace & Defense ETF | ~3.5% | 0.35% | |
| PPA | Invesco Aerospace & Defense ETF | ~4.3% | 0.58% | |
| ITA | iShares US Aerospace & Defense ETF | ~4.0% | 0.40% | |
| PAVE | Global X U.S. Infrastructure Development ETF | ~3.3% | 0.47% | |
| VO | Vanguard Mid-Cap ETF | ~1.0% | 0.03% | |
| IWR | iShares Russell Mid-Cap ETF | ~0.7% | 0.19% | |
| VOT | Vanguard Mid-Cap Growth ETF | ~2.4% | 0.05% |
Who competes with Howmet Aerospace Inc. (HWM)?
Aerospace castings and forgings
Competes with Precision Castparts (a Berkshire Hathaway subsidiary), Doncasters, and other specialty metal-component suppliers in turbine blades, structural castings, and forgings for jet engines and airframes.
Fastening systems
Competes with Lisi Aerospace, TriMas (Monogram), and other aerospace fastener makers for the engineered fastening systems used to assemble aircraft.
How to invest in Howmet Aerospace Inc. (HWM)
There are three common ways to get HWM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (XAR, PPA, ITA), which spreads the position across many companies. Or build it into a focused thematic basket, so HWM sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where HWM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Howmet Aerospace Inc. (HWM)
Howmet Aerospace (HWM) is a precision aerospace-parts maker whose growing engine-spares aftermarket adds durable, profitable demand on top of the new-aircraft ramp. In a portfolio it behaves as a premium-valued, cyclical aerospace and defense holding tied to Boeing and Airbus production, with limited room for execution missteps.
More on Howmet Aerospace Inc. (HWM)
Whether HWM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is HWM a buy?, and where the stock could go from here in the HWM stock forecast.
For income investors, whether HWM pays a dividend and how the payout looks is covered in does HWM pay a dividend?
Build a basket around HWM with Walnut
Use Howmet Aerospace Inc. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What is HWM's ticker symbol?
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HWM, listed on the New York Stock Exchange. The company is Howmet Aerospace. It is headquartered in Pittsburgh, Pennsylvania, and trades during US market hours at every major US brokerage.
What does Howmet Aerospace do?
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Howmet makes advanced engineered metal components, including investment-cast turbine blades and structural castings for jet engines, engineered fastening systems, titanium and aluminum structural parts, and forged truck wheels. It supplies engine makers and airframers for new aircraft and earns substantial recurring engine spares and aftermarket revenue.
Who are Howmet's main competitors?
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In castings and forgings: Precision Castparts (owned by Berkshire Hathaway), Doncasters, and other specialty metal suppliers. In fastening systems: Lisi Aerospace, TriMas, and other aerospace fastener makers. Howmet competes on engineering capability, qualification, and reliability for mission-critical parts.
Is Howmet an aerospace stock?
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Yes. Howmet is classified under Industrials, specifically aerospace and defense components, and most of its revenue comes from jet engine and airframe parts plus engine aftermarket demand. A smaller transportation business (forged truck wheels) adds some diversification, but it is primarily an aerospace components play.
What is Howmet's P/E ratio?
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Approximately 40x trailing twelve months as of early 2026, a premium to traditional industrials. It reflects leverage to rising aircraft build rates, expanding margins, growing high-margin aftermarket revenue, and strong cash flow, with the rich multiple leaving limited room for disappointment.
Why is Howmet stock up so much?
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Howmet has benefited from the strong commercial aerospace recovery, rising Boeing and Airbus build rates, growing high-margin engine spares demand as the fleet ages, and significant margin expansion. Combined with debt reduction and capital returns, these drivers lifted earnings and the valuation. The stock reflects optimism about a multi-year aerospace ramp.
Does Howmet make jet engine parts?
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Yes. Howmet is a leading maker of investment-cast turbine blades and structural castings for the hot sections of jet engines, parts that operate under extreme heat and stress. These components wear out over an engine's life, which drives a large and profitable recurring aftermarket spares business for Howmet.
Which ETFs have the most Howmet exposure?
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Aerospace and defense ETFs such as ITA and PPA hold HWM, and broad funds like VOO, VTI, and SPY include it at smaller weights as an S&P 500 member. Industrial and quality-growth ETFs also carry it. Exact weights vary by fund and over time.
Is Howmet in the S&P 500?
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Yes. Howmet Aerospace is a member of the S&P 500 and is held across passive index funds tracking the benchmark, as well as in aerospace and defense and industrial-growth strategies.
Which thematic baskets typically include Howmet?
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Aerospace and defense and industrial-growth baskets on Walnut. HWM fits a theme around rising commercial aircraft production and the aging-fleet aftermarket cycle, and is often paired with engine makers and airframers as a components-focused aerospace holding.
What is Howmet's market cap?
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Roughly in the tens of billions of dollars as of early 2026, reflecting its strong run alongside the aerospace recovery and margin expansion. The market cap embeds expectations for a continued multi-year ramp in aircraft build rates and aftermarket demand.
Is Howmet a good stock to buy?
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Descriptive, not a recommendation. Howmet is a high-quality aerospace components maker leveraged to rising aircraft production and a growing high-margin aftermarket, with expanding margins and strong cash flow, but it trades at a premium valuation and is exposed to aerospace cyclicality and customer concentration. Whether it fits a portfolio depends on your goals, risk tolerance, and views on aerospace demand. Walnut is informational, not investment advice.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Howmet Aerospace Inc.'s investor relations page or your broker before making investment decisions.