HWM

In April 2026, Howmet Aerospace completed the acquisition of Consolidated Aerospace Manufacturing (CAM) for approximately $1.8 billion, expanding its portfolio in precision fasteners and engineered products. The company reported strong Q2 2026 financial results, with sales increasing by 24.1% year-over-year to $2.55 billion and non-GAAP profit of $1.33 per share, exceeding market expectations. Following these results, Howmet raised its full-year 2026 revenue guidance to $10.00-$10.10 billion and adjusted EPS guidance to $5.23-$5.31. In July 2026, the board approved a 17% increase in its quarterly common stock dividend to $0.14 per share, and the company repurchased $300 million of stock in Q2 2026, with an additional $200 million in July, totaling $800 million in repurchases through July. Despite strong performance, the stock price declined by approximately 28% from its peak leading up to October 2026, partly due to market uncertainty from potential competition, specifically concerns in October 2026 regarding SpaceX's plans for in-house casting and GE's acquisition of Consolidated Precision Products. However, analysts anticipate limited impact from these events. As of October 2, 2026, the stock traded at $231.27, below its 52-week high of $310.00 but above its 52-week low of $183.83.