Howmet Aerospace Inc. Price & Performance (HWM)

Arconic Corporation is under scrutiny as investors pursue a class action lawsuit, alleging executives withheld information about lucrative acquisition offers while repurchasing shares at lower prices. The suit claims these actions kept stock values artificially low, impacting sellers between April 2022 and May 2023. The lead plaintiff deadline is March 31, 2025.12

Analysts have issued a cautious outlook for Arconic Corporation, with recent ratings shifting from "Buy" to "Hold" and a consensus one-year price target of $26.52. This reflects tempered expectations despite prior optimism, as the company’s fundamentals and litigation risks weigh on sentiment.34

New details show Apollo Global Management offered to acquire Arconic at a significant premium in April 2022, but the board rejected the bid as undervaluing the company. Subsequent discussions with Apollo and Irenic Capital did not yield further proposals, adding complexity to the current class action litigation.25