RBC Capital Cuts Howmet Aerospace (HWM) Price Target to $300

RBC Capital has reiterated its Outperform rating on Howmet Aerospace while lowering its price target to $300, a 33.76% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

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RBC Capital cut its price target on Howmet Aerospace Inc. ($HWM) to $300 from $350 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $HWM is up 0.6% to date (from the $219.70 close on Oct 15, 2026).

HWM Howmet Aerospace Inc.

$220.96 +4.53% year to date

Daily close · Oct 16, 2026

Key Points

On October 15, 2026, RBC Capital reiterated its Outperform rating on Howmet Aerospace Inc. (NYSE: HWM) and adjusted its price target from $350 to $300.
RBC Capital's $300 price target implies 33.76% upside from Howmet Aerospace Inc.'s ($HWM) current $224.28 share price.
The stock was recently trading at $224.28, which is about 25.2% below RBC's new price target.
Howmet Aerospace is set to report earnings on November 5, 2026, with trailing twelve-month revenue of $9.12 billion and a net margin of 20.5%.

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RBC Capital reiterated its Outperform rating on Howmet Aerospace Inc. (NYSE: HWM) on October 15, 2026. The firm lowered its price target from $350 to $300. This change reflects a shift in RBC's outlook while still maintaining a positive view on the company.

Analyst rating track record

RBC Capital vs. the S&P 500

YTD return -1.39% hypothetical

All-time return -1.39% S&P 500 +0.23%

vs. S&P 500 -1.62% behind the index

Hypothetical returns from RBC Capital's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Howmet Aerospace

In the latest filings, Blackrock Inc. reduced its stake in Howmet Aerospace by 2,143,951 shares, ending with 45,819,158 shares worth about $10.12 billion. Vanguard Capital Management LLC slightly increased its holdings by 80,773 shares, bringing its total to 26,136,434 shares valued at approximately $5.77 billion. State Street Corporation added 613,727 shares, now holding 18,933,928 shares worth about $4.18 billion. Meanwhile, JPMorgan Chase & Co. cut its position by 2,426,178 shares, leaving it with 18,561,518 shares valued at around $4.10 billion. Vanguard Portfolio Management LLC made a minor adjustment, increasing its holdings by 12,975 shares to reach 18,548,273 shares worth about $4.10 billion.

Howmet Aerospace Inc. Stock Up 2.1%

Howmet Aerospace's stock was recently trading at $224.28. This price is significantly below RBC's new target of $300, indicating potential upside if the firm’s outlook proves accurate. The stock has experienced volatility and is currently positioned below several key moving averages.

12-month forecast

$HWM price target

Howmet Aerospace Inc. daily closes and this analyst's $300 target. Not advice.

Recent Earnings

Howmet Aerospace reported trailing twelve-month revenue of $9.12 billion, reflecting a strong year-over-year growth of 24.1%. The company has a net margin of 20.5% and a return on equity (ROE) of 34.7%. The next earnings report is scheduled for November 5, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at Howmet Aerospace Inc.

Several insiders have sold shares recently. Neil Edward Marchuk, an officer, sold 45,150 shares at an average price of $251.70 on February 18, 2026, totaling about $11.36 million. On February 26, 2026, Barbara Lou Shultz, also an officer, sold 1,000 shares at $260.00, bringing in approximately $260,005. Earlier, on May 11, 2026, Marchuk sold another 41,932 shares at $269.50, valued at around $11.30 million. These sales were not under a planned trading arrangement.

Analysts Set New Price Targets

On October 15, 2026, RBC Capital maintained its Outperform rating on Howmet Aerospace with a new price target of $300, down from $350. Earlier, on October 9, 2026, TD Cowen also maintained a Buy rating but reduced its target from $320 to $280. Other analysts like Bernstein and Guggenheim have issued targets of $328 and $350, respectively, with Guggenheim initiating coverage with a Buy rating on September 15, 2026.

About Howmet Aerospace

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries. The company operates in various segments, including Engine Products and Fastening Systems, serving clients across multiple countries. The recent analyst activity and insider sales indicate a keen interest in how the company will perform in the coming months.

Bottom Line

Investors should keep an eye on Howmet Aerospace as it approaches its earnings report on November 5, 2026. The recent adjustments in analyst ratings and price targets suggest a dynamic outlook for the stock, particularly given its current trading level below the new target set by RBC Capital.