howmet aerospace announces results of annual shareholder meeting

Howmet Aerospace Inc . (NYSE:HWM), a $69.65 billion aerospace company with a perfect Piotroski Score of 9 according to InvestingPro, held its annual shareholder meeting on May 28, 2025, as detailed in a recent SEC filing. The company, currently trading near its 52-week high of $174.66, saw shareholders vote on three key proposals during the meeting.

The first proposal involved the election of nine directors to the company’s board, each for a one-year term. All nominees were elected, with James F. Albaugh receiving 342,200,243 votes in favor and 7,432,260 votes against. Other directors, such as Amy E. Alving and Joseph S. Cantie, also secured their positions with significant support. The strong shareholder participation reflects confidence in the company’s leadership, which has delivered an impressive 104.57% return over the past year.

The second proposal, which sought to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025, was approved. It received 348,063,495 votes in favor and 21,557,681 votes against.

The third proposal was an advisory vote on executive compensation. This was also approved, with 330,581,393 votes in favor and 18,335,752 against.

The report notes that as of March 31, 2025, there were 404,463,735 shares of common stock outstanding, with 369,855,841 shares represented at the meeting. The filing states that no broker non-votes were recorded for the second proposal, while the first and third proposals had 19,922,517 broker non-votes each.

This information is based on a press release statement filed with the Securities and Exchange Commission. For a comprehensive analysis of Howmet Aerospace’s financial health (rated GREAT by InvestingPro), including 20 additional ProTips and detailed metrics, investors can access the full Pro Research Report.

In other recent news, Howmet Aerospace has been the focus of several notable developments. The company reported strong first-quarter earnings for 2025, with an adjusted diluted earnings per share of $0.86, surpassing both the consensus estimate of $0.77 and Bernstein’s prediction of $0.84. Following these results, Howmet Aerospace raised its forecasts for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), earnings per share (EPS), and free cash flow for the year. Benchmark analysts responded by raising the price target for Howmet Aerospace shares to $165, maintaining a "Buy" rating, while Bernstein analysts increased their price target to $174, keeping an "Outperform" rating.

Additionally, KeyBanc analysts maintained their Sector Weight rating on Howmet Aerospace, highlighting the company’s strong performance in commercial and operational areas, and noting improvements in profit margins. In corporate developments, the company’s CEO, John Plant, sold 800,000 shares for estate planning purposes but remains a significant shareholder. Furthermore, David J. Miller, a member of the Board of Directors, resigned without any disagreements cited. These updates demonstrate Howmet Aerospace’s solid financial performance and strategic operational decisions, which continue to attract attention from analysts and investors alike.

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