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 21% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. 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: 8th May 2026 Payment date: 26th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 13%. Annuncio • 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. Annuncio • 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. Annuncio • 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 • Apr 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €215. The fair value is estimated to be €178, 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. Buy Or Sell Opportunity • Mar 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €212. The fair value is estimated to be €176, 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 21
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 20% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €211, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 47x in the Aerospace & Defense industry in Germany. Total returns to shareholders of 424% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €169 per share. Annuncio • 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. Buy Or Sell Opportunity • Feb 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to €187. The fair value is estimated to be €155, 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 43%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Declared Dividend • Jan 26
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 6th February 2026 Payment date: 25th February 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 15%. Annuncio • 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. Annuncio • 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 Buy Or Sell Opportunity • Jan 11
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to €187. The fair value is estimated to be €151, 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 43%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Annuncio • 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. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 07 November 2025. Payment date: 25 November 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (0.5%). 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 22% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 03
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 7th November 2025 Payment date: 25th November 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 19%. Buy Or Sell Opportunity • Sep 10
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €156. The fair value is estimated to be €129, 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 9.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. 
