TD Cowen Cuts Howmet Aerospace (HWM) Price Target to $280

TD Cowen has reiterated its Buy rating on Howmet Aerospace Inc. (NYSE: HWM) on October 9, 2026, lowering the price target to $280 from $320. This adjustment comes as the aerospace and defense company continues to show strong performance in its sector.

TD Cowen's Call on Howmet Aerospace

TD Cowen maintains a Buy rating on Howmet Aerospace, adjusting the price target from $320 to $280. This change reflects the analysts' outlook on the company's performance and market conditions. The new target is about 19.9% higher than the recent trading price of $224.28.

Other Institutional Activity in Howmet Aerospace

Several institutional investors have also shown interest in Howmet Aerospace. Blackrock Inc. reduced its holdings by 2,143,951 shares, ending with 45,819,158 shares worth approximately $10.1 billion. Vanguard Capital Management LLC added 80,773 shares, bringing its total to 26,136,434 shares valued at about $5.8 billion. State Street Corporation increased its stake by 613,727 shares to a total of 18,933,928 shares worth around $4.2 billion. Meanwhile, JPMorgan Chase & Co. trimmed its position by 2,426,178 shares, leaving it with 18,561,518 shares valued at about $4.1 billion.

Howmet Aerospace Inc. Stock Up 2.1%

The stock is currently trading at $224.28, which is below the new target price set by TD Cowen. This price point is significant as it indicates a potential upside if the stock moves closer to the target. The recent trading price is also below the target price set by several analysts, suggesting a cautious sentiment in the market.

Recent Earnings

Howmet Aerospace reported trailing twelve-month revenue of approximately $9.12 billion and an earnings per share (EPS) of $4.64. The company also experienced a year-over-year revenue growth of 24.1% and a net margin of 20.5%. Its return on equity stands at 34.7%. The next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at Howmet Aerospace Inc.

Insider transactions show that Neil Edward Marchuk, an officer at Howmet Aerospace, sold 45,150 shares on February 18, 2026, at an average price of $251.70, totaling approximately $11.36 million. Another insider, Barbara Lou Shultz, sold 1,000 shares on February 26, 2026, at a price of $260.00, valued at $260,005. Marchuk sold another 41,932 shares on May 11, 2026, at an average price of $269.50, totaling around $11.30 million.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen reiterated its Buy rating on Howmet Aerospace with a price target of $280, down from $320. Other analysts have also recently made calls on the stock. JP Morgan maintained an Overweight rating with a target of $350 on August 10, 2026. Bernstein kept an Outperform rating with a target of $328 on August 24, 2026. Guggenheim initiated coverage with a Buy rating and a target of $350 on September 15, 2026. Wells Fargo maintained an Equal-Weight rating, lowering its target to $255 on September 30, 2026. The consensus among analysts suggests a generally positive outlook on the stock.

About Howmet Aerospace

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries. The company operates in various countries, including the U.S., Japan, and several European nations. It focuses on four main segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. This diverse portfolio is crucial as the aerospace industry continues to recover and expand.

Bottom Line

Investors should watch for Howmet Aerospace's next earnings report on November 5, 2026, as it may provide further insights into the company's performance. With TD Cowen's revised price target and a generally positive analyst outlook, the stock remains a point of interest in the aerospace sector.