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With a market cap of $91.2 billion, Howmet Aerospace Inc. (HWM) provides advanced engineered solutions for the aerospace, defense, and commercial transportation industries worldwide, including in the U.S., Japan, China, and Europe. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.
Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Howmet Aerospace fits this criterion perfectly. The company serves customers in aircraft engines, industrial gas turbines, and heavy-duty vehicle markets.
Shares of the Pittsburgh, Pennsylvania-based company have pulled back 26% from its 52-week high of $310. Howmet Aerospace’s shares have fallen 13.3% over the past three months, lagging behind the S&P 500 Index’s ($SPX) 3.8% rise over the same time frame.
HWM stock is up nearly 12% on a YTD basis, slightly underperforming SPX’s 12.1% gain. However, shares of the aerospace company have jumped 24.6% over the past 52 weeks, outpacing SPX’s 16.5% increase over the same time frame.
Yet, the stock has been trading below its 200-day moving average since last year.
Howmet Aerospace reported Q2 2026 results on Aug. 6. The company raised its 2026 adjusted EPS forecast to $5.23 - $5.31 and revenue guidance to $10 billion - $10.1 billion, driven by robust demand for aerospace parts as Boeing and Airbus increase jet production. Q2 adjusted EPS jumped 46% to $1.33 and revenue rose 24% to $2.55 billion, beating estimates, supported by stronger aircraft demand and growing sales of gas-turbine blades for data centers.
Rising widebody production, anticipated increases in Boeing 787 and Airbus A350 output, higher fastener prices, and data-center-related power-generation projects are expected to support growth through 2030.
In comparison, HWM stock has outpaced its rival, GE Aerospace (GE). GE stock has soared nearly 15% over the past 52 weeks and 5.1% on a YTD basis.
Due to the stock’s outperformance over the past year, analysts remain bullish on HWM. The stock has a consensus rating of “Strong Buy” from the 23 analysts covering it, and the mean price target of $332.57 is a premium of 44.8% to current levels.
