Howmet Aerospace stock stabilizes after SpaceX turbine blade scare
Published on 09/11/2026 at 14:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Howmet Aerospace Inc. (ISIN US4432011082) stock closed at USD 229.36 on the New York Stock Exchange on September 10, 2026, leaving the high-precision casting specialist trading well below its recent 52-week peak as investors reassess the impact of a SpaceX turbine blade move on its long-term growth profile.
Stock reacts to SpaceX turbine blade announcement
As AINvest reported on September 10, 2026, a late August announcement by SpaceX that it would cast turbine blades and vanes in-house at a facility in Bastrop, Texas triggered a sharp reaction in Howmet Aerospace shares, with the stock dropping 7.7 percent on the first trading day after the post and sliding to roughly 21 percent below its August highs over the following week.
According to the same analysis from AINvest on September 10, 2026, the market initially interpreted SpaceX's move as a broad competitive threat to Howmet Aerospace's turbine blade franchise, but the article argues that the initiative is focused on solving SpaceX's own power-generation bottlenecks for AI data centers rather than disrupting Howmet's wider customer base.
As of September 10, 2026, the same AINvest note states that Howmet Aerospace stock closed at USD 227.91, down USD 54 from a 52-week high of USD 281.94 reached near its August peak, implying a decline of about 19 percent from that high while still leaving the shares approximately 30 percent higher than a year earlier.
Current price, trading range and market capitalization
Price data for Howmet Aerospace stock from Investing.com show that on September 10, 2026 the shares closed at USD 229.36 on the New York Stock Exchange, after trading in an intraday range between USD 228.16 and USD 232.29 with an opening price of USD 230.63 and a daily decline of 1.40 percent compared with the prior close.
The same Investing.com overview indicates that on September 9, 2026 Howmet Aerospace stock finished at USD 232.62, following a volatile session that saw the price fall as low as USD 226.30 and reach an intraday high of USD 238.64 on volume of 5.75 million shares, while on September 8, 2026 the share price dropped 10.70 percent to a close of USD 231.53 after opening at USD 242.81 and touching a high of USD 246.50.
In its broader valuation discussion, the AINvest analysis from September 10, 2026 describes Howmet Aerospace's forward price-earnings ratio at around 61 based on then-current estimates, and notes that the company carried a market capitalization of roughly USD 90.9 billion and an enterprise value of USD 94.8 billion at a closing price of USD 227.91, placing the stock among the more richly valued names in the aerospace and industrial components space.
Strong second quarter 2026 figures and guidance raise
According to the detailed fundamental breakdown in the September 10, 2026 AINvest article, Howmet Aerospace reported second quarter 2026 revenue of USD 2.55 billion, representing year-over-year growth of 24 percent with organic growth of 21 percent, reflecting strong demand in its engine products and fastening systems businesses as the commercial aerospace cycle continues to recover.
The same second quarter 2026 results summary notes that adjusted earnings per share reached USD 1.33, an increase of 46 percent compared with the prior-year quarter, while adjusted EBITDA margin expanded by 340 basis points to 32.1 percent, highlighting a combination of operating leverage and mix improvement as higher-margin aftermarket engine parts drive profitability.
In addition, the AINvest analysis highlights that Howmet Aerospace generated free cash flow of USD 479 million in the second quarter of 2026, contributing to a year-to-date free cash flow figure of USD 838 million, which management paired with a decision to raise full-year 2026 guidance for revenue, EBITDA, EPS and free cash flow based on the strength of the underlying demand environment.
Analyst ratings and earnings guidance frame expectations
An overview of broker research compiled by MarketBeat on September 11, 2026 shows that one analyst currently rates Howmet Aerospace stock as a Strong Buy, seventeen recommend Buy and two assign Hold, resulting in a consensus rating of 'Moderate Buy' and an average price target of USD 316.22 across the covered firms.
The same MarketBeat report states that investment bank TD Cowen raised its price target on Howmet Aerospace shares from USD 300.00 to USD 320.00 in a research note dated July 13, 2026, maintaining a Buy rating, while Susquehanna increased its price objective from USD 330.00 to USD 340.00 with a Positive rating in a research report published on August 7, 2026, underscoring the bullish stance among key analysts despite the stock's recent correction.
According to MarketBeat's data as cited in the September 11, 2026 article, Howmet Aerospace has issued guidance for third quarter 2026 adjusted earnings per share in a range between USD 1.340 and USD 1.360 and full-year 2026 adjusted EPS guidance between USD 5.230 and USD 5.310, while sell-side consensus forecasts point to EPS of about USD 5.33 for the current year, indicating that the company and analysts are broadly aligned on profit expectations.
Risk discussion: valuation and competitive concerns
The September 10, 2026 AINvest analysis characterizes Howmet Aerospace as a high-quality operator benefiting from a genuine supply bottleneck in turbine blade and casting capacity, but cautions that the combination of a forward price-earnings multiple near 61 and a share price still roughly 30 percent above its level a year earlier leaves limited room for execution missteps or negative surprises from customers seeking greater in-house control.
As that same AINvest piece explains, the announced in-house casting initiative by SpaceX for its own AI data center turbines primarily addresses internal delivery timelines rather than attempting to capture the broader market served by Howmet Aerospace, yet the episode illustrates how quickly sentiment can shift when a large customer publicly experiments with vertically integrating critical components.
An additional risk highlighted in the broader market commentary is that a subset of customers might over time choose to secure their own casting capacity or diversify suppliers, an issue mentioned in a September 10, 2026 feature on InvestorPlace carried via InvestorPlace, which notes that investors need to distinguish between announcements that change the structural demand outlook and those that mainly shift how a single company manages its own supply chain.
Next catalysts and investor perspective
Ahead of the next major reporting event, Howmet Aerospace has indicated that its third quarter 2026 results are expected in early November, as referenced in the September 10, 2026 AINvest analysis, which treats sustained growth of more than 25 percent year over year in the gas turbine segment as a key condition for its more constructive scenario on the shares.
For investors, the combination of strong second quarter 2026 figures, raised full-year guidance and supportive analyst price targets contrasts with the market's heightened sensitivity to perceived competitive threats and a valuation that already prices in substantial growth, making upcoming quarterly data and any further customer announcements about turbine blade sourcing critical checkpoints for the Howmet Aerospace stock story.
Howmet Aerospace stock price as of the last close
As of the close of trading on September 10, 2026, Howmet Aerospace stock stood at USD 229.36 on the New York Stock Exchange, within its intraday range of USD 228.16 to USD 232.29 for that session and noticeably below the recent 52-week high of USD 281.94 cited in the September 10, 2026 AINvest valuation review, reflecting both strong year-on-year performance and a meaningful pullback from peak levels.
Key data on Howmet Aerospace stock
- Company: Howmet Aerospace Inc.
- ISIN: US4432011082
- Ticker: HWM
- Trading venue: NYSE
- Price (as of September 10, 2026, 16:00): 229.36 USD
- Market capitalization: 90,900,000,000 USD (as of September 10, 2026)
- Sector / Industry: Industrials / Aerospace components and engineered castings
- Index membership: S&P 500
- Next earnings date: November 2026
