Howmet Aerospace stock gains 3.18% as guidance meets valuation test

Published on 11/09/2026 at 16:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Howmet Aerospace stock is trading higher after a strong third quarter and a raised 2026 forecast. Investors are weighing growth against valuation.

Growth Raises The Investment Stakes

Howmet reported its strongest quarterly growth rate on record, led by aerospace and gas turbine demand.
Management raised its full-year 2026 targets and introduced a 2027 revenue outlook.
Higher capital spending and valuation will remain key considerations as capacity expands.

Howmet Aerospace, US4432011082, Illustration mit AI erstellt.

Howmet Aerospace reported stronger third-quarter results on October 29, 2026, and raised its full-year outlook. The company also gave investors an initial view of 2027 revenue, while its expanding capacity plans increase the importance of execution. The Howmet Aerospace financial release supplies the operating figures.

Howmet Aerospace stock traded at 191.23 euros on Lang & Schwarz at 16:36 CET on Monday, November 9, 3.18 percent above the Xetra close of Friday, November 6. The comparison uses the last completed Xetra session because the current European session had not yet reached the required closing point.

Higher Targets Follow Strong Quarter

Third-quarter revenue increased 29 percent year over year to 2.703 billion US dollars, while organic growth reached 25 percent. Adjusted earnings per share rose 54 percent to 1.46 US dollars, and adjusted EBITDA increased 43 percent to 879 million US dollars. The adjusted EBITDA margin expanded to 32.5 percent.

Commercial aerospace revenue grew 32 percent and gas turbine revenue climbed 45 percent. Howmet said aircraft order backlogs support higher production through 2027 and beyond, while stronger gas turbine demand supports the outlook beyond 2028.

Guidance Sets A Higher Bar

Management raised the 2026 revenue baseline by 250 million US dollars to 10.300 billion US dollars. The new baseline calls for adjusted EBITDA of 3.330 billion US dollars, adjusted earnings per share of 5.50 US dollars and free cash flow of 2.000 billion US dollars.

Howmet also expects approximately 11.5 billion US dollars of revenue in 2027, representing approximately 12 percent growth from the increased 2026 baseline. The company plans elevated capital spending beyond 2027 to expand aerospace, defense and gas turbine capacity. Adjusted figures are non-GAAP measures and should be considered alongside GAAP results.

Returns And Valuation In Focus

The board added 5 billion US dollars to the share repurchase authorization on October 28, bringing the total remaining authorization to 5.397 billion US dollars. Howmet repurchased 500 million US dollars of stock during the quarter and increased its quarterly dividend by 17 percent to 0.14 US dollars per share.

The broader market backdrop remains relevant as investors compare Howmet's growth investment with aerospace-sector valuations.

For more coverage, see More news and analyses on Howmet Aerospace stock.