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Arconic (ARNC)

Company Profile
Arconic Corporation, headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products, that advance the ground transportation, aerospace, industrial, packaging and building and construction markets.
Arconic logo

Company profile

Ticker
ARNC
Exchange
NYSE
Website
www.arconic.com
CEO
Timothy Donald Myers
Employees
Incorporated
Delaware
Location
Pennsylvania
Fiscal year end
Dec 31
Sector
Manufacturing > Alumina Refining and Primary Aluminum Production
Industry (SIC)
Rolling Drawing & Extruding of Nonferrous Metals
Howmet Aerospace • Novelis • Kaiser Aluminum • Mueller Industries • Tredegar • Global Brass & Copper • Quanex Building Products • Encore Wire ...
Former names
Arconic Rolled Products Corp
SEC CIK
0001790982
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
Alti Forge Holding S.a.r.l. • Alumax LLC • Arconic Architectural Products LLC • Arconic Architectural Products SAS • Arconic China Investment Company Ltd. • Arconic China Processing LLC • Arconic Davenport LLC • Arconic Extrusions Hannover GmbH • Arconic France Holding SAS • Arconic Hungary Finance Kft ...
IRS number
842745636

ARNC stock data

Analyst ratings and price targets

Last 3 months
Deutsche Bank
Maintains
Hold
$23.00
24 Jan 23
Latest filings (excl ownership)
View all
8-K
Amendments to Articles of Incorporation or Bylaws
6 Dec 22
8-K
Other Events
16 Nov 22
8-K
Other Events
15 Nov 22
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
Third Quarter 2022 Highlights
1 Nov 22
8-K
Departure of Directors or Certain Officers
11 Oct 22
8-K
Preliminary Third Quarter Results and Revised Outlook
14 Sep 22
8-K
Departure of Directors or Certain Officers
5 Aug 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Second Quarter 2022 Highlights
2 Aug 22
Transcripts
View all
ARNC
Earnings call transcript
2022 Q3
1 Nov 22
ARNC
Earnings call transcript
2022 Q2
2 Aug 22
ARNC
Earnings call transcript
2022 Q1
3 May 22
ARNC
Earnings call transcript
2021 Q4
18 Feb 22
ARNC
Earnings call transcript
2021 Q3
2 Nov 21
ARNC
Earnings call transcript
2021 Q2
3 Aug 21
ARNC
Earnings call transcript
2021 Q1
4 May 21
ARNC
Earnings call transcript
2020 Q4
23 Feb 21
Latest ownership filings
View all
SC 13G/A
BlackRock Inc.
26 Jan 23
SC 13G
BlackRock Inc.
20 Jan 23
4
E STANLEY ONEAL
3 Jan 23
4
William F. Austen
22 Nov 22
4
Ellis Allen Jones
19 Oct 22
3
Ellis Allen Jones
19 Oct 22
4
E STANLEY ONEAL
26 Sep 22
4
Diana B. Perreiah
29 Aug 22
3
Diana B. Perreiah
10 Aug 22
3
Robert L. Woodall
10 Aug 22

Financial summary

Financial statements Chart ARNC financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 312.00 mm 312.00 mm 312.00 mm 312.00 mm 312.00 mm 312.00 mm
Cash burn (monthly) (no burn) 3.08 mm 30.00 mm (no burn) (no burn) (no burn)
Cash used (since last report) n/a 12.57 mm 122.32 mm n/a n/a n/a
Cash remaining n/a 299.43 mm 189.68 mm n/a n/a n/a
Runway (months of cash) n/a 97.1 6.3 n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from Arconic earnings reports.

Institutional ownership, Q3 2022

ARNC institutional ownership history Ownership history
97.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 272 284 -4.2%
Opened positions 41 37 +10.8%
Closed positions 53 36 +47.2%
Increased positions 67 65 +3.1%
Reduced positions 90 101 -10.9%
13F shares Current Prev Q Change
Total value 1.48 bn 2.69 bn -45.0%
Total shares 98.56 mm 107.60 mm -8.4%
Total puts 980.00 k 871.90 k +12.4%
Total calls 1.09 mm 259.70 k +317.9%
Total put/call ratio 0.9 3.4 -73.1%
Largest owners Shares Value Change
BLK Blackrock 19.41 mm $330.68 mm -6.3%
Vanguard 11.90 mm $202.75 mm +0.9%
Orbis Investment Management 9.62 mm $0.00 0.0%
FMR 6.37 mm $108.51 mm +19.9%
Orbis Allan Gray 6.08 mm $103.56 mm -7.3%
Harris Associates L P 4.90 mm $83.41 mm -1.1%
MS Morgan Stanley 3.60 mm $61.29 mm -2.0%
Sachem Head Capital Management 2.97 mm $50.53 mm -27.3%
MCQEF Macquarie 2.69 mm $45.85 mm -0.7%
Dimensional Fund Advisors 2.68 mm $45.69 mm +28.3%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -6.73 mm EXIT
BLK Blackrock 19.41 mm -1.30 mm -6.3%
Sachem Head Capital Management 2.97 mm -1.11 mm -27.3%
FMR 6.37 mm +1.06 mm +19.9%
Marshall Wace 439.46 k -761.34 k -63.4%
Dimensional Fund Advisors 2.68 mm +591.88 k +28.3%
Healthcare Of Ontario Pension Plan Trust Fund 118.50 k -515.20 k -81.3%
Orbis Allan Gray 6.08 mm -481.93 k -7.3%
Susquehanna International 453.21 k +342.63 k +309.8%
Heartland Advisors 50.40 k -289.85 k -85.2%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ARNC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Dec 22 E Stanley Oneal Common Stock Grant Acquire A No No 0 1,594 0.00 151,609
21 Nov 22 Austen William F. Common Stock Buy Acquire P Yes No 19.8406 10,000 198.41 k 10,000
17 Oct 22 Ellis Allen Jones Common Stock Grant Acquire A No No 0 4,533 0.00 4,533
23 Sep 22 E Stanley Oneal Common Stock Grant Acquire A No No 0 1,865 0.00 150,015
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
Deutsche Bank Maintains Hold on Arconic, Raises Price Target to $23
24 Jan 23
Deutsche Bank analyst Corinne Blanchard maintains Arconic (NYSE:ARNC) with a Hold and raises the price target from $22 to $23.
Looking Into Arconic's Return On Invested Capital
9 Nov 22
Arconic (NYSE:ARNC) brought in sales totaling $2.28 billion during Q3 according to data provided by Benzinga Pro. However, earnings decreased 156.52%, resulting in a loss of $65.00 million.
What 4 Analyst Ratings Have To Say About Arconic
4 Nov 22
Arconic (NYSE:ARNC) has observed the following analyst ratings within the last quarter:
Benzinga's Top Ratings Upgrades, Downgrades For November 4, 2022
4 Nov 22
Deutsche Bank Downgrades Arconic to Hold, Lowers Price Target to $22
4 Nov 22

Press releases

From Benzinga Pro
Arconic Announces $200 Million Share Repurchase Authorization
16 Nov 22
Arconic Corporation (NYSE:ARNC) ("Arconic" or the "Company") announced today that its Board of Directors approved a two-year share repurchase program authorizing the repurchase of up to $200 million of common
Arconic Completes Sale of Russian Operations
15 Nov 22
Arconic Corporation (NYSE:ARNC) ("Arconic" or the "Company") announced today that the Company completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA
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