ARNC Arconic
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.
Company profile
Ticker
ARNC
Exchange
Website
CEO
Timothy Donald Myers
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Arconic Rolled Products Corp
SEC CIK
Corporate docs
Subsidiaries
Alti Forge Holding S.a.r.l. • Alumax LLC • Alumax U.K. Limited • Arconic Architectural Products LLC • Arconic Architectural Products SAS • Arconic China Investment Company Ltd. • Arconic China Processing LLC • Arconic Closure Systems International UK Limited • Arconic Davenport LLC • Arconic Extrusions Hannover GmbH ...
IRS number
842745636
ARNC stock data
()
News
JPMorgan's Preference Shifts To Arconic In Base Metals; Downgrades Kaiser, Constellium
10 Dec 21
Benzinga's Top Ratings Upgrades, Downgrades For December 10, 2021
10 Dec 21
JP Morgan Upgrades Arconic to Overweight, Raises Price Target to $40
10 Dec 21
Benzinga's Top Ratings Upgrades, Downgrades For November 17, 2021
17 Nov 21
Wolfe Research Initiates Coverage On Arconic with Outperform Rating, Announces Price Target of $42
17 Nov 21
Calendar
2 Nov 21
25 Jan 22
31 Dec 22
Financial summary
Quarter (USD) |
Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | |
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| Diluted EPS |
Financial data from Arconic earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 349M | 349M | 349M | 349M | 349M | 349M |
| Cash burn (monthly) | 63.67M | 37.75M | (positive/no burn) | 35.17M | 14M | 42.92M |
| Cash used (since last report) | 245.22M | 145.4M | n/a | 135.45M | 53.92M | 165.3M |
| Cash remaining | 103.78M | 203.6M | n/a | 213.55M | 295.08M | 183.7M |
| Runway (months of cash) | 1.6 | 5.4 | n/a | 6.1 | 21.1 | 4.3 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 21 | E Stanley Oneal | Common Stock | Grant | Acquire A | No | No | 33.01 | 1,022 | 33.74K | 140,205 |
| 30 Sep 21 | E Stanley Oneal | Common Stock | Grant | Acquire A | No | No | 31.54 | 1,070 | 33.75K | 138,767 |
| 5 Aug 21 | Doty Elmer L | Common Stock | Buy | Acquire P | No | No | 31.82 | 3,000 | 95.46K | 76,928 |
| 5 Aug 21 | E Stanley Oneal | Common Stock | Buy | Acquire P | No | No | 32.4507 | 15,400 | 499.74K | 137,697 |
| 5 Aug 21 | Asmussen Erick R | Common Stock | Discretionary | Acquire I | Yes | No | 32.62 | 2,000 | 65.24K | 2,000 |
| 5 Aug 21 | Asmussen Erick R | Phantom Stock Common Stock | Discretionary | Acquire I | No | No | 32.99 | 1,168 | 38.53K | 1,168 |
Institutional ownership Q3 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
13F holders |
Current |
|---|---|
| Total holders | 283 |
| Opened positions | 27 |
| Closed positions | 48 |
| Increased positions | 83 |
| Reduced positions | 80 |
13F shares |
Current |
|---|---|
| Total value | 3.71B |
| Total shares | 110.06M |
| Total puts | 730.05K |
| Total calls | 502.88K |
| Total put/call ratio | 1.5 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 19.2M | $605.48M |
| Orbis Investment Management | 11.96M | $356.36M |
| Vanguard | 10.84M | $341.82M |
| Orbis Allan Gray | 10.08M | $317.89M |
| Elliott Investment Management | 8.33M | $262.69M |
| STT State Street | 5.78M | $182.42M |
| Harris Associates L P | 4.88M | $154M |
| FMR | 2.51M | $79.21M |
| GS Goldman Sachs | 2.21M | $69.77M |
| MCQEF Macquarie | 1.96M | $61.82M |
Financial report summary
?Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- References to “ParentCo” refer to Arconic Inc., a Delaware corporation, and its consolidated subsidiaries (through March 31, 2020, at which time it was renamed Howmet Aerospace Inc. (“Howmet”)).
- The Separation. On February 8, 2019, ParentCo announced that its Board of Directors approved a plan to separate into two standalone, publicly-traded companies (the “Separation”). The spin-off company, later named Arconic Corporation, was to include the rolled aluminum products, aluminum extrusions, and architectural products operations of ParentCo, as well as the Latin America extrusions operations sold in April 2018, (collectively, the “Arconic Corporation Businesses”). The existing publicly-traded company, ParentCo, was to continue to own the engine products, engineered structures, fastening systems, and forged wheels operations (collectively, the “Howmet Aerospace Businesses”).
Content analysis
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| Positive | ||
| Negative | ||
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Avg
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New words:
American, energy, inflationary, interlocutory, pleading, scienter, sharp
Removed:
Boeing, capacity, carried, commencing, comparability, conclusion, consistency, dollar, enhance, FIFO, footnote, LIFO, MAX, measured, method, misclassification, overstated, physical, preferable, preparing, principle, recast, refined, removing, retrospectively, transparency, understated, visibility, weaker
Financial reports
10-Q
2021 Q3
Quarterly report
2 Nov 21
10-Q
2021 Q2
Quarterly report
3 Aug 21
10-Q
2021 Q1
Quarterly report
4 May 21
10-K
2020 FY
Annual report
23 Feb 21
10-Q
2020 Q3
Quarterly report
11 Nov 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
18 May 20
NT 10-Q
Notice of late quarterly filing
15 May 20
10-K
2019 FY
Annual report
30 Mar 20
Current reports
8-K
Departure of Directors or Certain Officers
18 Nov 21
8-K
Departure of Directors or Certain Officers
2 Nov 21
8-K
Third Quarter 2021 Highlights
2 Nov 21
8-K
Second Quarter 2021 Highlights
3 Aug 21
8-K
Entry into a Material Definitive Agreement
21 May 21
8-K
First Quarter 2021 Highlights
4 May 21
8-K
Other Events
29 Apr 21
8-K
Entry into a Material Definitive Agreement
27 Apr 21
8-K
Entry into a Material Definitive Agreement
3 Mar 21
8-K
Other Events
24 Feb 21
Registration and prospectus
S-8
Registration of securities for employees
21 May 21
S-8
Registration of securities for employees
20 May 21
S-1
IPO registration
3 Apr 20
S-8
Registration of securities for employees
31 Mar 20
S-8
Registration of securities for employees
31 Mar 20
10-12B/A
Registration of securities (amended)
13 Feb 20
10-12B/A
Registration of securities (amended)
7 Feb 20
10-12B/A
Registration of securities (amended)
22 Jan 20
10-12B
Registration of securities
16 Dec 19
DRS
Draft registration statement
29 Oct 19
Other
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
1 Jun 20
EFFECT
Notice of effectiveness
14 Apr 20
UPLOAD
Letter from SEC
12 Apr 20
CORRESP
Correspondence with SEC
8 Apr 20
CORRESP
Correspondence with SEC
10 Feb 20
UPLOAD
Letter from SEC
10 Feb 20
CORRESP
Correspondence with SEC
21 Jan 20
UPLOAD
Letter from SEC
6 Jan 20
CORRESP
Correspondence with SEC
15 Dec 19
Ownership
4
Arconic / E STANLEY ONEAL ownership change
3 Jan 22
SC 13G/A
Arconic / VANGUARD ownership change
9 Dec 21
4
Arconic / E STANLEY ONEAL ownership change
1 Oct 21
4
Arconic / ERICK R ASMUSSEN ownership change
9 Aug 21
4
Arconic / TIMOTHY DONALD MYERS ownership change
9 Aug 21
4
Arconic / E STANLEY ONEAL ownership change
9 Aug 21
4
Arconic / ELMER L DOTY ownership change
9 Aug 21
4
Arconic / E STANLEY ONEAL ownership change
2 Jul 21
11-K
Annual report of employee stock purchases
29 Jun 21
4
Arconic / Mark J Vrablec ownership change
28 May 21
Patents
APP
Utility
Rack-and-pinion Handle System
20 Jan 22
A sliding door system includes a stationary door frame, a sliding door panel installed in the stationary door frame and movable between a closed and open position, and a handle assembly coupled to the sliding door panel.
GRANT
Utility
Thermal separator with integrated fluid seal
18 Jan 22
A window system for a building includes a panel and a first element assembly that supports the panel and includes a cross member and a pressure plate laterally offset from the cross member.
APP
Utility
Cam Assisted Handle System
13 Jan 22
A sliding door system includes a stationary door frame, a sliding door panel installed in the stationary door frame and movable between closed and open positions, and a handle assembly coupled to the sliding door panel.
APP
Utility
2XXX Aluminum Lithium Alloys
30 Dec 21
New 2xxx aluminum alloys having are disclosed.
GRANT
Utility
Resistance welding fastener, apparatus and methods
7 Dec 21
An apparatus and method for fastening dissimilar materials like steel, plastic and aluminum.
Reddit threads
Daily Discussion Thread - November 2nd, 2021
2 Nov 21
Daily Discussion Thread - November 1st, 2021
1 Nov 21
Daily Discussion Thread - October 19, 2021
19 Oct 21
Steel companies started a huge comeback....10-20% is possible!
27 Sep 21
Daily Discussion Thread - August 3rd, 2021
3 Aug 21
Daily Discussion Thread - August 2nd, 2021
2 Aug 21
Steel/mining earnings dates (Q2 2021)
15 Jul 21
$ARNC: Deutche Upgrade 48, currently $35.6
18 May 21
Rolls Royce ($RR, $RYCEY) CEO purchases shares at 20p per share
11 May 21
Look at all them pretty greens... and also that HRC Jun28
4 May 21