Recent Insider Transactions • May 14
Insider recently sold €9.6m worth of stock On the 11th of May, Neil Marchuk sold around 42k shares on-market at roughly €229 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €9.6m. Insiders have been net sellers, collectively disposing of €21m more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$1.45 (vs US$0.85 in 1Q 2025) First quarter 2026 results: EPS: US$1.45 (up from US$0.85 in 1Q 2025). Revenue: US$2.31b (up 19% from 1Q 2025). Net income: US$580.0m (up 69% from 1Q 2025). Profit margin: 25% (up from 18% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Gunner Smith was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 27
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 7th May 2026 Payment date: 26th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 13%. New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (6.7% average weekly change). Significant insider selling over the past 3 months (€9.8m sold). Annonce • Apr 23
Howmet Aerospace Board Approves Common Stock Dividend, Payable on May 26, 2026 Howmet Aerospace Inc. declared a dividend of 12 cents per share on the outstanding Common Stock of the Company, to be paid on May 26, 2026, to the holders of record of the Common Stock at the close of business on May 8, 2026. Annonce • Apr 14
Howmet Aerospace Inc. Appoints Jonathan Arena as Executive Vice President, Chief Legal and Compliance Officer and Secretary Howmet Aerospace Inc. announced on April 13, 2026, that Jonathan Arena has joined Howmet as Executive Vice President, Chief Legal and Compliance Officer and Secretary. He will also serve on the Howmet Aerospace Executive Leadership Team, the senior leadership team that sets strategic direction for the company. Jon most recently was Vice President and Chief Counsel at Huntington Ingalls Industries, Newport News Shipbuilding Division. Prior to Huntington Ingalls Industries, he held senior legal roles at The Boeing Company and the National Aeronautics and Space Administration (NASA). He holds degrees from The Ohio State University, Washington University in St. Louis and William & Mary law school. Annonce • Apr 09
Howmet Aerospace Inc. to Report Q1, 2026 Results on May 07, 2026 Howmet Aerospace Inc. announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on May 07, 2026 Buy Or Sell Opportunity • Mar 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €204. The fair value is estimated to be €165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Recent Insider Transactions • Feb 22
Executive VP & CAO recently sold €9.6m worth of stock On the 18th of February, Neil Marchuk sold around 45k shares on-market at roughly €213 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €129m more than they bought in the last 12 months. Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: US$3.73 (vs US$2.83 in FY 2024) Full year 2025 results: EPS: US$3.73 (up from US$2.83 in FY 2024). Revenue: US$8.25b (up 11% from FY 2024). Net income: US$1.51b (up 31% from FY 2024). Profit margin: 18% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €209, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 26x in the Aerospace & Defense industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €158 per share. Annonce • Feb 12
Howmet Aerospace Inc. Provides Earnings Guidance for the First Quarter and Fiscal Year 2026 Howmet Aerospace Inc. provided earnings guidance for the First quarter and Fiscal Year 2026. For the quarter, the company expects revenue in the range of $2.225 Billion to $2.245 Billion, with baseline of $2.235 billion.
For the Fiscal Year 2026, the company expected revenue of approximately $9 billion to $9.2 billion, with baseline of $9.1 billion. Declared Dividend • Jan 23
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 5th February 2026 Payment date: 25th February 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 15%. Annonce • Jan 20
Howmet Aerospace Inc. Declares Common Stock Dividend, Payable on February 25, 2026 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 12 cents per share on the outstanding Common Stock of the Company, to be paid on February 25, 2026, to the holders of record of the Common Stock at the close of business on February 6, 2026. Annonce • Jan 15
Howmet Aerospace Inc. to Report Q4, 2025 Results on Feb 12, 2026 Howmet Aerospace Inc. announced that they will report Q4, 2025 results at 7:00 AM, US Eastern Standard Time on Feb 12, 2026 Annonce • Dec 22
Howmet Aerospace Inc. (NYSE:HWM) entered into a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC from Stanley Black & Decker, Inc. (NYSE:SWK) for $1.8 billion. Howmet Aerospace Inc. (NYSE:HWM) entered into a definitive agreement to acquire Consolidated Aerospace Manufacturing, LLC from Stanley Black & Decker, Inc. (NYSE:SWK) for $1.8 billion on December 22, 2025. The cash purchase price of $1.805 billion is subject to customary adjustments. Upon closing the transaction, the Company expects to avoid earnings per share dilution and expects the after-tax proceeds to be in the range of $1.525 billion to $1.6 billion. Stanley Black & Decker expects to utilize the net cash proceeds of the transaction to reduce debt. The combination of synergies and the aforementioned tax benefit is expected to result in a FY 2026 adjusted EBITDA transaction multiple of approximately 13x.
Until the transaction closes, the results of CAM will remain in continuing operations and will not be reclassified as discontinued operations. The transaction is expected to close in the first half of 2026 and is subject to regulatory approval and other customary closing conditions.
J.P. Morgan Securities LLC is serving as financial advisor to Howmet Aerospace, and Kyle Harris, Glenn McGrory, Partners Brian Byrne, Puja Patel, Christopher Cook, Jackie Holland, Niamh Martyn, Giuseppe Scassellati-Sforzolini, John Messent, Vladimir Novak, Francesco Iodice, Craig Brod, Francesca Odell, Meme Peponis, Catherine Grimm, Nina Bell, Julia Petty, Daniel Ilan, Gabriela Landolfo, Beau Sterling, Meyer Fedida, Maureen Linch, Cindy Resnick, Chase Kaniecki, James Corsiglia of Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: US$0.95 (vs US$0.81 in 3Q 2024) Third quarter 2025 results: EPS: US$0.95 (up from US$0.81 in 3Q 2024). Revenue: US$2.09b (up 14% from 3Q 2024). Net income: US$385.0m (up 16% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Declared Dividend • Oct 05
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 6th November 2025 Payment date: 25th November 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 19%. Annonce • Aug 21
Lola F. Lin Intends to Resign as Executive Vice President, Chief Legal and Compliance Officer and Secretary of Howmet Aerospace Inc., Effective September 5, 2025 Howmet Aerospace Inc. announced that on August 15, 2025, Lola F. Lin, Executive Vice President, Chief Legal and Compliance Officer and Secretary, notified the company of her intention to resign from the Company, effective as of September 5, 2025, to pursue another opportunity. Until a successor is appointed, the Legal and Compliance teams will report to Neil E. Marchuk, Executive Vice President and Chief Administrative Officer. Recent Insider Transactions • Aug 07
Executive VP recently sold €2.0m worth of stock On the 5th of August, Lola Lin sold around 13k shares on-market at roughly €156 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €113m. Insiders have been net sellers, collectively disposing of €140m more than they bought in the last 12 months. Buy Or Sell Opportunity • Aug 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €158. The fair value is estimated to be €132, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: US$1.01 (vs US$0.65 in 2Q 2024) Second quarter 2025 results: EPS: US$1.01 (up from US$0.65 in 2Q 2024). Revenue: US$2.05b (up 9.2% from 2Q 2024). Net income: US$406.0m (up 53% from 2Q 2024). Profit margin: 20% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Annonce • Jul 30
Howmet Aerospace Inc. Board Approves Common Stock Dividends, Payable on August 25, 2025 The Board of Directors of Howmet Aerospace Inc. declared a dividend of 12 cents per share on the outstanding Common Stock of the Company, to be paid on August 25, 2025 to the holders of record of the Common Stock at the close of business on August 8, 2025. Buy Or Sell Opportunity • Jul 17
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €162. The fair value is estimated to be €134, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Annonce • Jul 10
Howmet Aerospace Inc. to Report Q2, 2025 Results on Jul 31, 2025 Howmet Aerospace Inc. announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jul 31, 2025 
