A director at Arconic Corp bought 10,000 shares at 19.841USD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Yesterday (April 1, 2020) marked the first day of regular trading for the newly-separated Howmet Aerospace, Inc. (HWM, formerly Arconic, Inc. - ARNC) and Arconic Corp. (ARNC, Spinoff). The Parent previously made the same move to give its 2016 Spinoff its name and ticker (Alcoa Corp. - AA), resulting in significant market confusion, now being replicated with this new split. We are positive on HWM post-Spin's potential, and recommend looking for lower levels for entry into either entity. The Edge...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Corporation (NYSE: ARNC) launches today as a leader in advanced aluminum sheet, plate, extruded and architectural products that primarily advance the ground transportation, aerospace, industrial, packaging, and commercial building markets. The Company’s common stock will begin trading on the New York Stock Exchange under the ticker "ARNC" at 9:30 a.m. Eastern Daylight Time on April 1, 2020. The separation of Arconic Inc. into two standalone companies – Arconic Corporation and Howmet Aerospace Inc. (the new name for Arconic Inc.) – took effect today throu...
The independent financial analyst theScreener just lowered the general evaluation of ARCONIC INCO. (US), active in the Defense industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date March 20, 2020, the closing price was ...
PITTSBURGH--(BUSINESS WIRE)-- In connection with the separation of Arconic Inc. (NYSE: ARNC) into two independent, publicly-traded companies, Arconic Inc. announced today that Arconic Rolled Products Corporation (which will be renamed Arconic Corporation in connection with the separation) (“Arconic Corporation”), is expected to commence trading today, March 18, 2020, on a “when issued” basis under the symbol “ARNC WI” on the New York Stock Exchange. At the time of separation, Arconic Inc. stockholders are expected to receive one share of Arconic Corporation common stock for every four shares o...
We entered Arconic, Inc. (ARNC) in May 2019 on the back of major insider buying patterns (we booked partial profit of +18% within three months), and now the long-awaited Spinoff of Arconic Corp. (ARNC, Spin) is upon us, scheduled for April 3, 2020. ARNC (Parent) is renaming to Howmet Aerospace, Inc. (HWM), and with many different elements involved, our analysis lays out how best to play this aerospace/aluminum split. The Edge View... Following the failed buyout offer on January 22, 2019 (which ...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) announced today that John C. Plant has agreed to a new three-year employment agreement to lead Howmet Aerospace through March 2023 as co-Chief Executive Officer, effective with the expected separation of Arconic Inc. on April 1, 2020. Mr. Plant will serve as Executive Chairman of the Board of Howmet Aerospace. At separation, Tolga Oal will serve as co-CEO with Mr. Plant. Mr. Oal currently serves as President of Arconic Engineered Structures, a global leader in highly engineered titanium and aluminum components for the aerospace and defe...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) announced today that it will host an Investor Day for Howmet Aerospace Inc. (Howmet Aerospace) and Arconic Corporation (Arconic Corp.) on February 25, 2020, in New York. Schedule of events is below: 10:00 AM ET Howmet Aerospace 1:00 PM ET Arconic Corp. Detailed agenda and a real-time audio webcast of the events will be available on the “Investors/Events and Presentations” section of , where a webcast replay will be available for 30 days following the presentation. About Arconic Arconic (NYSE: ARNC) creates breakthrough produc...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE:ARNC) (“Arconic”) announced today that Arconic Rolled Products Corporation (the “Issuer”), which is currently a wholly-owned subsidiary of Arconic, closed its offering of $600,000,000 aggregate principal amount of 6.125% second-lien notes due 2028 (the “Notes”). The Issuer intends to use the proceeds from the offering to make a payment to Arconic to fund the transfer of certain assets from Arconic to the Issuer in connection with Arconic’s previously announced plan to separate into two stand-alone, publicly traded companies (the “separation”) ...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) today announced that John Plant, Chairman and Chief Executive Officer of Arconic, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Barclays Industrial Select Conference at the Loews Miami Beach Hotel in Miami Beach, Florida on Wednesday, February 19 at 10:55 AM EST. A real-time audio webcast of the event will be available on the “Investors/Events and Presentations” section of , where a webcast replay will be available for 30 days following the presentation. About Arconic Arconic (NYSE: ARNC)...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) announced today that its Board of Directors has approved the completion of the Company’s separation into two independent, publicly traded companies. The separation is scheduled to become effective on April 1, 2020 before the opening of the New York Stock Exchange. The Engineered Products and Forgings businesses (engine products, fastening systems, engineered structures and forged wheels) will remain in the existing company, which will be renamed Howmet Aerospace Inc. and change its stock ticker from “ARNC” to “HWM” in connection with th...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) today announced that John Plant, Chairman and Chief Executive Officer of Arconic, and Ken Giacobbe, Executive Vice President and Chief Financial Officer, will speak at the Cowen’s 41st Annual Aerospace/Defense & Industrials Conference at the Lotte New York Palace in New York City, NY, on Wednesday, February 12, from 1:20 - 2:00 PM EST. A real-time audio webcast of the event will be available on the “Investors/Events and Presentations” section of , where a webcast replay will be available for 30 days following the presentation. About A...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE:ARNC) (“Arconic”) announced today that Arconic Rolled Products Corporation (the “Issuer”), which is currently a wholly-owned subsidiary of Arconic, has priced its offering of $600,000,000 aggregate principal amount of 6.125% second-lien notes due 2028 (the “Notes”). The sale of the Notes is expected to be completed on February 7, 2020, subject to customary closing conditions. The Issuer intends to use the proceeds from the proposed offering to make a payment to Arconic to fund the transfer of certain assets from Arconic to the Issuer in connec...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) (“Arconic”) announced today a proposed offering of second-lien notes (the “Notes”) by Arconic Rolled Products Corporation (the “Issuer”), which is currently a wholly-owned subsidiary of Arconic. The timing of pricing and terms of the Notes are subject to market conditions and other factors. The Issuer intends to use the proceeds from the proposed offering to make a payment to Arconic to fund the transfer of certain assets from Arconic to the Issuer in connection with Arconic’s previously announced plan to separate into two stand-alone, ...
PITTSBURGH--(BUSINESS WIRE)-- Arconic Inc. (NYSE: ARNC) today reported fourth quarter 2019 and full year 2019 results. The Company reported fourth quarter revenues of $3.4 billion, down 2% year over year. Organic revenue1 was up 1% year over year on growth in the aerospace, packaging and industrial markets and favorable product pricing, largely offset by weakness in the automotive, commercial transportation, and building and construction markets. Arconic reported net income of $309 million, or $0.70 per share, in the fourth quarter 2019 versus net income of $218 million, or $0.44 per share, ...
PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of Arconic (NYSE: ARNC) declared (a) a dividend of 2 cents per share on the outstanding Common Stock of the Company, payable on February 25, 2020, to the holders of record of the Common Stock at the close of business on February 7, 2020; and (b) a dividend of 93.75 cents per share on Arconic’s $3.75 Cumulative Preferred Stock (“Class A Stock”), payable on April 1, 2020, to the holders of record of the Class A Stock at the close of business on March 13, 2020. About Arconic Arconic (NYSE: ARNC) creates breakthrough products that shape indu...
PITTSBURGH--(BUSINESS WIRE)-- Arconic (NYSE: ARNC) will announce its fourth quarter 2019 and full year 2019 financial results on Monday, January 27, 2020. The press release and presentation materials will be available at approximately 8:00 AM ET on January 27, via the “Investors” section of Arconic’s website. A link to the press release will also be available via Arconic’s Twitter handle @arconic at . The conference call and webcast will begin at 10:00 AM ET. Details of both follow. Conference Call Information: Day: January 27, 2020 Time: 10:00 AM ET ...
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