|Bid||45.16 x 1000|
|Ask||45.16 x 800|
|Day's Range||44.08 - 45.27|
|52 Week Range||29.84 - 45.70|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||38.25|
|Earnings Date||Aug 02, 2023 - Aug 07, 2023|
|Forward Dividend & Yield||0.16 (0.37%)|
|Ex-Dividend Date||May 04, 2023|
|1y Target Est||50.21|
Great Lakes (GLDD) strong bidding ability and project execution bode well.
Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: more market-moving headlines in regional banks Western Alliance and PacWest; JPMorgan officially picks up First Republic; First Horizon and TD Bank drop their planned merger; and Arconic gets taken out by Apollo. The regional bank shares experienced turbulence this week.
Shares of Arconic (NYSE: ARNC) rocketed this week and were trading up 16.9% for the week as of 9:40 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. The aluminum company, which primarily serves the aerospace and automotive industries, just announced its quarterly numbers, but that has nothing to do with the stock's meteoric rise. The reason behind Arconic's jump is much bigger, and it will affect every investor in the company.
PITTSBURGH, May 04, 2023--Howmet Aerospace Inc. (NYSE:HWM) will host its 2023 Annual Meeting of Shareholders on Wednesday, May 17, 2023, at 9:00 a.m. Eastern Time. The annual meeting will be held in a virtual format only, via webcast at http://www.virtualshareholdermeeting.com/HWM2023. A replay of the webcast will be available on the company website from 10:00 a.m. Eastern Time on Thursday, May 18, 2023, until March 1, 2024.
Private equity giant Apollo Global Management (NYSE: APO) has a deal in place to acquire Arconic (NYSE: ARNC) for about $5.2 billion in cash and assumed debt. Arconic has been a company in transition for most of the last decade. Three years later, Arconic split itself again, grouping its engine products, fasteners, and other aerospace components into a separate company called Howmet Aerospace.
Arconic (ARNC) delivered earnings and revenue surprises of 14.29% and 6.02%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Arconic Corp has agreed to be bought by Apollo Global Management Inc in a take-private deal valued at about $5.2 billion, the U.S. aerospace supplier said on Thursday. Shares of Pittsburgh-based Arconic jumped 27% to $28.75 on Thursday. The company, which supplies to Boeing Co, had rebuffed an almost $10 billion offer from Apollo in 2018.
Q1 2023 Howmet Aerospace Inc Earnings Call
Howmet's (HWM) Q1 results benefit from strength in the commercial aerospace, defense aerospace, industrial gas turbine, and oil and gas markets.
Seasonality is likely to impact Quanta Services' (PWR) Q1 results despite more demand for infrastructure solutions that help support customers' energy-transition initiatives and modernization.
PITTSBURGH, May 02, 2023--Howmet Aerospace Reports 1Q23 Earnings
Non-residential and infrastructural activities are likely to have aided Vulcan Materials' (VMC) Q1 results. Wet weather, a slowdown in the residential market and inflationary pressure are risks.
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Wet weather, housing market slowdown and inflationary pressure are likely to get reflected in Martin Marietta's (MLM) Q1 performance amid higher demand and aggregate pricing.
PITTSBURGH, April 26, 2023--Howmet Aerospace appoints Vagner Finelli President, Howmet Fastening Systems
Continued recovery in the commercial aerospace end market and pricing actions are likely to have aided Howmet's (HWM) Q1 performance.
Better fleet productivity on broad-based rental demand in industrial verticals is likely to have benefited United Rentals' (URI) Q1 performance.
PITTSBURGH, April 21, 2023--The Board of Directors of Howmet Aerospace (NYSE:HWM) declared (a) a dividend of 4 cents per share on the outstanding Common Stock of the Company, to be paid on May 25, 2023, to the holders of record of the Common Stock at the close of business on May 5, 2023; and (b) a dividend of 93.75 cents per share on the outstanding $3.75 Cumulative Preferred Stock ("Class A Stock") of the Company, to be paid on July 1, 2023 to the holders of record of the Class A Stock at the c
PulteGroup's (PHM) Q1 earnings are likely to have benefited from higher ASP. However, growing rates, rising inflation and uncertain economies are expected to have been risky.
Alcoa (AA) delivered earnings and revenue surprises of -360% and 0.31%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
PITTSBURGH, April 11, 2023--Howmet Aerospace Inc. (NYSE:HWM) will announce its first quarter 2023 financial results on Tuesday, May 2, 2023. The press release and presentation materials will be available at approximately 7:00 AM ET on May 2, 2023, via the "Investors" section of the Howmet Aerospace website. A link to the press release will also be available via the Howmet Aerospace Twitter handle @HowmetAerospace at https://twitter.com/HowmetAerospace.
Key Insights The projected fair value for Howmet Aerospace is US$50.34 based on 2 Stage Free Cash Flow to Equity Howmet...
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Sachem Head Capital Management has amassed a stake in Arconic Corp and has been pushing the U.S. aluminum sheet maker to go through with a process it has launched to sell itself, according to people familiar with the matter. Arconic has been in talks with private equity firms, including Apollo Global Management Inc, about selling itself, the sources said, at a time when securing debt financing for leveraged buyouts has become challenging following this month's jitters in the banking sector. Apollo has so far indicated it is willing to pay $27 to $28 per share for Arconic, one of the sources said, close to where Arconic's shares are trading currently.