Why Is HOWMET AEROSPACE INC (HWM) Stock Up Today?

Why HWM stock is up today

Howmet Aerospace Inc (HWM) rose 3.70% to $254.02 in early trading on Friday, reversing a recent decline driven by concerns over SpaceX's in-house turbine blade plans. Analysts from Citi and Bernstein have signaled that the selloff may present a buying opportunity, citing supply constraints and long-term demand in the aerospace sector. The stock is trading near its 52-week high of $310.00 as coverage of the potential catalyst has increased in the last 36 hours.

What Happened

The recent drop in HWM came after SpaceX announced plans to manufacture turbine blades in-house, raising concerns about reduced demand for Howmet's aerospace products. However, Citi and Bernstein have both downplayed the threat, noting Howmet's strong positioning in the market and its capacity expansion plans. Citi has initiated a 30-day catalyst watch on the stock, while Bernstein emphasized that supply constraints and long-term demand trends remain favorable for the company. The stock opened at $245.00 and quickly climbed to a session high of $255.78, driven by renewed investor interest following the analyst commentary.

What The Data Shows

HWM is trading with a market cap of $105.6B and a P/E ratio of 52.8, reflecting its premium valuation. The stock has a beta of 1.21, indicating higher volatility than the broader market. Trading volume so far is 1.0M shares, or 0.4x the 3-month average, suggesting moderate but growing participation. Options activity has been mixed, with $7.5M in put premiums compared to $1.2M in call premiums. The largest single print was $6.5M. The stock has also printed two fresh 52-week highs on September 1, 2026, signaling continued strength in the name.

What To Watch

Howmet Aerospace is not scheduled to report earnings in the near term. Investors should monitor the breadth of analyst coverage and the reaction to any new developments in the aerospace supply chain, particularly related to SpaceX's manufacturing plans.