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Howmet Aerospace Inc . (NYSE:HWM), a leader in the nonferrous metal industry with a market capitalization of $63.3 billion, disclosed on Monday that its Executive Chairman and CEO, John Plant, sold 800,000 shares of the company’s common stock. The transaction, dated May 12, 2025, was executed for estate planning, tax planning, and financial diversification reasons. This marks Plant’s first sale of Howmet Aerospace’s common stock since he began his tenure as a director or officer at the company. The sale comes as the stock has delivered an impressive 95% return over the past year, according to InvestingPro data.
Following the sale, Plant continues to hold a significant stake in Howmet Aerospace. His remaining shares, combined with his vested restricted share units, amount to a potential total interest of 3,164,560 shares. Plant’s current holdings place him among the top 25 largest shareholders of the company, reflecting his ongoing confidence in Howmet Aerospace’s future and its commitment to creating long-term shareholder value. The company maintains strong financial health with a perfect Piotroski Score of 9, as reported by InvestingPro, which offers 18 additional exclusive insights about the company’s performance and prospects.
The company, which is incorporated in Delaware and headquartered in Pittsburgh, Pennsylvania, operates in the manufacturing sector, specializing in the rolling, drawing, and extruding of nonferrous metals. With a current ratio of 2.3 and moderate debt levels, Howmet demonstrates solid operational efficiency. The SEC filing confirmed that Howmet Aerospace’s common stock, with a par value of $1.00 per share, is listed on the New York Stock Exchange under the trading symbol HWM (BMV:HWM). Additionally, the company’s $3.75 Cumulative Preferred Stock, with a par value of $100 per share, is registered on the NYSE American under the symbol HWM PR. For comprehensive analysis and detailed metrics, investors can access the full InvestingPro Research Report, part of the platform’s coverage of over 1,400 US equities.
The information regarding the stock sale and other corporate details were provided in a Form 8-K filing with the Securities and Exchange Commission. The filing serves as an official record of significant corporate events that shareholders and the public may find relevant. Howmet Aerospace’s commitment to transparency and regulatory compliance is evident in its timely disclosure of such events, complementing its strong financial performance with revenue growth of 10% in the last twelve months.
In other recent news, Howmet Aerospace Inc. reported strong first-quarter earnings for 2025, surpassing expectations with an earnings per share (EPS) of $0.86, compared to the forecasted $0.78. The company’s revenue for the quarter was $1.94 billion, aligning with market predictions. Following the earnings announcement, analysts from Benchmark raised their price target for Howmet Aerospace to $165, maintaining a "Buy" rating, while Bernstein increased their price target to $174, continuing with an "Outperform" rating. Both firms cited Howmet’s robust performance and positive outlook in the aerospace sector as key factors for the adjustments.
Additionally, Howmet Aerospace experienced record cash flow and repurchased $125 million of its stock during the quarter. The company also raised its financial guidance for 2025, projecting higher adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), EPS, and free cash flow. The positive earnings report has been well-received by investors, as indicated by the stock’s significant rise following the announcement.
In corporate governance news, David J. Miller, a member of Howmet Aerospace’s Board of Directors, resigned from his position, with no cited disagreements with the company. The company expressed appreciation for Miller’s contributions during his tenure. These developments reflect Howmet Aerospace’s continued strength in the aerospace industry and its strategic financial management.
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