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In a recent development at Howmet Aerospace Inc., David J. Miller, a member of the company’s Board of Directors, has resigned from his position, effective immediately as of Tuesday. The announcement was made public through a Form 8-K filing with the Securities and Exchange Commission on Friday, May 9, 2025. The news comes as the company maintains strong financial health, with InvestingPro data showing a perfect Piotroski Score of 9 and an overall financial health rating of "GREAT."
According to the filing, Miller’s departure from the Board is not due to any disagreements with Howmet Aerospace regarding its operations, policies, or practices. The company has expressed its gratitude for Miller’s contributions during his tenure, highlighting his valuable insights and guidance through significant periods in the company’s history. Under the current leadership, the company has achieved remarkable success, with InvestingPro reporting a 92% return over the past year and strong financial metrics. Howmet Aerospace has publicly acknowledged his role in supporting the company’s success and extended best wishes for his future endeavors.
Howmet Aerospace, previously known as Arconic Inc (NYSE:ARNC). and before that as ALCOA INC., is incorporated in Delaware and has its principal executive offices in Pittsburgh, Pennsylvania. The company is known for its work in the manufacturing sector, specifically in the rolling, drawing, and extruding of nonferrous metals.
The 8-K filing also confirms that Howmet Aerospace’s common stock, with a par value of $1.00 per share, is traded on the New York Stock Exchange under the ticker symbol HWM (BMV:HWM), and its $3.75 Cumulative Preferred Stock, with a par value of $100 per share, is registered with the NYSE American under the symbol HWM PR.
This news is based on the company’s official SEC filing and does not include any speculative commentary on the potential implications of Miller’s departure or the future direction of Howmet Aerospace Inc.
In other recent news, Howmet Aerospace Inc. reported a strong first-quarter performance for 2025, exceeding analysts’ expectations with an earnings per share (EPS) of $0.86, surpassing the forecasted $0.78. The company’s revenue for the quarter matched the forecast at $1.94 billion, marking a 6% increase from the previous year. Following this robust financial performance, Bernstein analysts raised their price target for Howmet Aerospace shares from $154 to $174, maintaining an Outperform rating. Similarly, Benchmark analysts increased their price target to $165, up from $135, while maintaining a "Buy" rating, citing the company’s strong cash flow and stock repurchase activities. Howmet Aerospace’s positive outlook is further supported by its optimistic guidance for the year, with raised forecasts for adjusted EBITDA, EPS, and free cash flow. The company’s exposure to aftermarket spares and its conservative approach to forecasting production rates for Boeing (NYSE:BA) and Airbus were also highlighted by analysts. Additionally, Howmet Aerospace’s Fastener segment demonstrated an impressive margin profile, contributing to the company’s overall financial success.
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