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Howmet Aerospace Inc (HWM) |
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Price: $117.1800
$1.34 
1.157%
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| Day's High:
| $117.56
| Week Perf:
| -0.78 %
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| Day's Low: |
$ 115.91 |
30 Day Perf: |
14.46 % |
| Volume (M): |
1,948 |
52 Wk High: |
$ 119.28 |
| Volume (M$): |
$ 228,243 |
52 Wk Avg: |
$79.49 |
| Open: |
$116.00 |
52 Wk Low: |
$52.06 |
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| Market Capitalization (Millions $) |
48,044 |
| Shares
Outstanding (Millions) |
410 |
| Employees |
23,200 |
| Revenues (TTM) (Millions $) |
7,270 |
| Net Income (TTM) (Millions $) |
1,075 |
| Cash Flow (TTM) (Millions $) |
50 |
| Capital Exp. (TTM) (Millions $) |
274 |
Howmet Aerospace Inc
Howmet Aerospace Inc. is a prominent player in the aerospace and defense sectors, known for its advanced engineered solutions. It was previously a segment of Howmet, which split into two distinct entities: Howmet Aerospace and Arconic Corporation, with Howmet Aerospace focusing specifically on the aerospace market.
Core Competencies and Offerings
Howmet Aerospace specializes in the development, manufacturing, and engineering of advanced material solutions, particularly focusing on aluminum and titanium components. These materials are integral to modern aircraft and are essential for enhancing performance, structural integrity, and fuel efficiency. The company's extensive product offerings cater to various industry needs, including:
- Engine Components: Howmet produces critical engine parts that are pivotal for improving engine performance and efficiency.
- Airframe Structures: They develop robust structural components which are crucial in the overall design and functionality of aircraft.
- Investment Casting: The company employs advanced casting techniques to produce complex geometries needed for sophisticated aerospace applications.
Innovation and Technology
With a commitment to innovation, Howmet invests heavily in research and development to create materials and solutions that reduce weight while enhancing durability and heat resistance. This is particularly important in the aerospace industry, where even minor reductions in weight can lead to significant improvements in fuel efficiency and operational costs.
Environmental Responsibility
Howmet Aerospace is dedicated to minimizing its environmental impact. The company actively seeks ways to develop sustainable materials and manufacturing processes. This includes optimizing energy use in production and utilizing recycled materials in its manufacturing processes. Their goal is to contribute to the aviation industrys shift towards greener technologies while delivering high-performance solutions.
Market Position
As a global entity, Howmet Aerospace operates on an international scale, serving major aerospace manufacturers and defense contractors. Its strategic partnerships and extensive customer base allow it to remain competitive in a rapidly evolving market. The company leverages its technological advancements and expertise to respond to the increasing demand for high-performance, lightweight aircraft components.
Conclusion
With a strong focus on aerospace materials and innovative manufacturing techniques, Howmet Aerospace Inc. plays a critical role in shaping the future of the aerospace and defense industries. Through its commitment to performance, efficiency, and sustainability, the company is positioned to meet the evolving needs of its global customers while contributing positively to environmental stewardship.
Company Address: 201 Isabella Street, Suite 200 Pittsburgh 15212 PA
Company Phone Number: 553-1940 Stock Exchange / Ticker: NYSE HWM
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| Stock Performances by Major Competitors |
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| Howmet Aerospace Inc
Financial News Report: Howmet Aerospace Inc. Posts Strong Earnings and Increases Dividend Amid Impressive Stock Performance
PITTSBURGH ? Howmet Aerospace (NYSE:HWM) has reported robust financial results for the most recent fiscal period, underscoring its commitment to growth and shareholder value. The company announced that its profit per share surged by 41.3% year-over-year to $0.65, significantly outperforming analysts' expectations. Revenue also saw a substantial increase, rising 14.08% to $1.88 billion compared to the same period last year.
In comparison to the preceding quarter, Howmet's results continued to show positive momentum, with net profit per share and revenue climbing by 10.17% from $0.59 and 3.07% from $1.82 billion, respectively. The company's net earnings soared to $266 million, marking a remarkable 37.82% increase from the $193 million reported a year prior.
Howmet Aerospace has also highlighted improvements in its profit margins. The net margin rose to 14.15%, while the operating margin edged up to 21.17%. Operating earnings saw a significant rise, jumping 39.65% to $398 million, indicating effective management and cost control within the organization, which has translated into robust bottom-line growth.
In a move that signals strong confidence in its ongoing financial health, Howmet Aerospace?s Board of Directors has declared a quarterly dividend of 5 cents per share, an increase of 25% from the previous quarter's dividend of 4 cents. This dividend will be paid on November 27, 2023, to shareholders of record as of November 10, 2023. The decision to increase the dividend reflects the company's commitment to returning value to shareholders while simultaneously reinforcing its solid financial position and optimistic future outlook.
As shareholders anticipate increased returns, the stock performance has also been noteworthy. Over the past week, Howmet Aerospace stock gained an impressive 17.87%, contributing to a year-to-date gain of 74.6%. The stock has reached a new 52-week high, signaling strong investor confidence and interest in the company's continued success.
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| Howmet Aerospace Inc
Howmet Aerospace Inc (NYSE: HWM) has seen a significant increase in its stock price over the past 7 days, with a gain of 16.11%. This brings the year-to-date gains to 43.5%, and the stock has reached its 52-week high. The company's strong performance can be attributed to its impressive financial results, particularly in the January to March 31 2024 period.
During this time frame, Howmet Aerospace reported a 68.57% jump in profits to $0.59 per share, along with a 13.787% boost in revenue to $1.82 billion compared to the prior year period. This represents a significant improvement from the previous financial reporting period, where income increased by 2.75% and revenue by 5.373%. The company also saw an increase in its bottom line, with net earnings reaching $242.000 million, a 64.63% increase from the same period a year ago.
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| Howmet Aerospace Inc
Howmet Aerospace Increases Dividend by 25% and Reports Strong Financial Performance
PITTSBURGH - Howmet Aerospace (NYSE:HWM) recently declared a quarterly dividend of 5 cents per share on its outstanding Common Stock, marking a significant 25% increase from the previous quarter. This decision reflects the company's commitment to providing value to its shareholders and demonstrates its strong financial position and positive outlook for the future.
The higher dividend highlights the confidence that Howmet Aerospace has in its ability to generate sustainable earnings and cash flows. By increasing the dividend, the company aims to attract more investors and reward existing shareholders with higher returns. This move is likely to strengthen investor confidence and reflect positively on the company's market performance.
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| Howmet Aerospace Inc
The stock market can often be an unpredictable and volatile entity, but for investors of the Miscellaneous Fabricated Products company, the recent numbers have been nothing short of pleasing. In the period from July to September 30, 2023, the company displayed impressive revenue numbers, with a 15.701% year-on-year increase, reaching an impressive $1.66 billion. Additionally, the revenue advanced by 0.607% quarter-on-quarter, showcasing the company's consistent growth.
One of the standout achievements for the Miscellaneous Fabricated Products company is the staggering elevation in net profit per share, reaching a new level with a remarkable 136.84% increase to $0.45. While sequentially, there was a slight decrease of -2.17% in net profit per share, the overall trajectory remains decidedly positive.
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| Dividend
Published Thu, Sep 28 2023 8:30 PM UTC
PITTSBURGH - Howmet Aerospace (NYSE:HWM) has recently announced that its Board of Directors has declared a quarterly dividend of 5 cents per share on the outstanding Common Stock of the Company. The dividend will be paid on November 27, 2023, to the holders of record of the Common Stock as of November 10, 2023. This decision marks a significant 25% increase from the thi...
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| Per Share |
Current |
| Earnings (TTM) |
2.62 $ |
| Revenues (TTM) |
17.73 $
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| Cash Flow (TTM) |
0.12 $ |
| Cash |
1.16 $
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| Book Value |
10.98 $
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| Dividend (TTM) |
0.24 $ |
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| Per Share |
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| Earnings (TTM) |
2.62 $
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| Revenues (TTM) |
17.73 $ |
| Cash Flow (TTM) |
0.12 $ |
| Cash |
1.16 $
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| Book Value |
10.98 $ |
| Dividend (TTM) |
0.24 $ |
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| Third-party sales |
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 100 % |
of total Revenue |
| Third-party sales Engine Products |
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51.5 % |
of total Revenue |
| Third-party sales Fastening Systems |
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21.36 % |
of total Revenue |
| Third-party sales Engineered Structures |
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13.79 % |
of total Revenue |
| Third-party sales Forged Wheels |
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13.35 % |
of total Revenue |
| Inter-sales |
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0.33 % |
of total Revenue |
| Inter-sales Engine Products |
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0.16 % |
of total Revenue |
| Inter-sales Engineered Structures |
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0.16 % |
of total Revenue |
| Total segment |
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100.33 % |
of total Revenue |
| Total Engine Products |
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51.66 % |
of total Revenue |
| Total Fastening Systems |
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21.36 % |
of total Revenue |
| Total Engineered Structures |
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13.95 % |
of total Revenue |
| Total Forged Wheels |
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13.35 % |
of total Revenue |
| Third-party sales Aerospace - Commercial |
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52.43 % |
of total Revenue |
| Third-party sales Aerospace - Commercial Engine Products |
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29.1 % |
of total Revenue |
| Third-party sales Aerospace - Commercial Fastening Systems |
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13.35 % |
of total Revenue |
| Third-party sales Aerospace - Commercial Engineered Structures |
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9.97 % |
of total Revenue |
| Third-party sales Aerospace - Defense |
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15.75 % |
of total Revenue |
| Third-party sales Aerospace - Defense Engine Products |
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10.3 % |
of total Revenue |
| Third-party sales Aerospace - Defense Fastening Systems |
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2.34 % |
of total Revenue |
| Third-party sales Aerospace - Defense Engineered Structures |
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3.11 % |
of total Revenue |
| Third-party sales Commercial Transportation |
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16.89 % |
of total Revenue |
| Third-party sales Commercial Transportation Fastening Systems |
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3.54 % |
of total Revenue |
| Third-party sales Commercial Transportation Forged Wheels |
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13.35 % |
of total Revenue |
| Third-party sales Industrial and Other |
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14.93 % |
of total Revenue |
| Third-party sales Industrial and Other Engine Products |
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12.1 % |
of total Revenue |
| Third-party sales Industrial and Other Fastening Systems |
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2.13 % |
of total Revenue |
| Third-party sales Industrial and Other Engineered Structures |
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0.71 % |
of total Revenue |
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0.19%