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AXQ Capital LP decreased its holdings in Howmet Aerospace Inc. (NYSE: HWM) by 77.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 897 shares of the company's stock after selling 3,163 shares during the period. AXQ Capital
Howmet Aerospace is upgraded to Buy after a recent 7.5% stock price decline, driven by overblown concerns about SpaceX's in-house turbine blade casting. HWM maintains a dominant >50% global market share in industrial gas turbine blades, with robust long-term agreements and active capacity expansions in Japan, Europe, and the U.S. SpaceX's initiative addresses its own supply bottleneck rather than competing at scale with HWM, limiting any real earnings or margin impact for HWM.
When the world's commercial jet assembly lines stall, the root cause is almost always found deep inside the foundry. For years, aviation's recovery from the pandemic has struggled against a stubborn bottleneck: the high-pressure turbine blades, vanes, and complex engine castings at the heart of every engine.
Howmet Aerospace Inc. (HWM) Presents at Jefferies Global Industrials Conference 2026 Transcript
Howmet Aerospace's CEO said on Wednesday he is fine with a $12 billion deal by GE Aerospace to acquire a castings giant, even as the company's own growth to meet customers' vast demand for jet engine parts is "testing us."
Sometimes, a stock's first reaction tells only part of the story. On Aug. 30, Elon Musk said Space Exploration Technologies Corp. (NASDAQ:SPCX) would begin manufacturing gas turbine blades and vanes in-house, calling the move a way to bring new turbines online up to 18 months faster.
Howmet (HWM) closed the most recent trading day at $231.53, moving 10.7% from the previous trading session.
HWM's 26.5% year-to-date rally is backed by aerospace demand and raised 2026 guidance, though rich valuation and SpaceX competition pose risks.