Arconic Stock Forecast, Price & News

Arconic's stock was trading at $22.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ARNC stock has increased by 30.0% and is now trading at $28.75.
View which stocks have been most impacted by COVID-19.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Arconic.

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Arconic is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Arconic.

Arconic Co. (NYSE:ARNC) issued its quarterly earnings results on Thursday, November, 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.14 by $0.09. The basic materials company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.39 billion. Arconic had a net margin of 2.97% and a return on equity of 10.05%. The business's quarterly revenue was down 60.2% compared to the same quarter last year.
View Arconic's earnings history.

Arconic announced a quarterly dividend on Friday, January 17th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.02 per share on Tuesday, February 25th. This represents a $0.08 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, February 6th.
View Arconic's dividend history.

Arconic issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, November, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.6-5.7 billion, compared to the consensus revenue estimate of $5.76 billion.

8 brokerages have issued twelve-month price objectives for Arconic's shares. Their forecasts range from $17.00 to $38.00. On average, they anticipate Arconic's stock price to reach $29.63 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Arconic.

Arconic saw a decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,720,000 shares, a decline of 22.3% from the October 15th total of 3,500,000 shares. Based on an average daily trading volume, of 757,000 shares, the days-to-cover ratio is currently 3.6 days.
View Arconic's Short Interest.

Some companies that are related to Arconic include Howmet Aerospace (HWM), Mueller Industries (MLI), Kaiser Aluminum (KALU), Encore Wire (WIRE), Quanex Building Products (NX), Tredegar (TG) and Technology General (TCGN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Arconic investors own include Alcoa (AA), Bank of America (BAC), Cisco Systems (CSCO), The Boeing (BA), General Electric (GE), Advanced Micro Devices (AMD), AT&T (T), Micron Technology (MU), NVIDIA (NVDA) and QUALCOMM (QCOM).

Arconic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARNC."

Arconic's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.44%), Orbis Allan Gray Ltd (12.86%), State Street Corp (4.02%), Psagot Investment House Ltd. (1.79%), Arrowstreet Capital Limited Partnership (1.32%) and Aperio Group LLC (0.93%). Company insiders that own Arconic stock include Diana Toman, Erick R Asmussen, Frederick A Henderson, International LP Elliott, James F Albaugh, John C Plant, Katherine H Ramundo, Rajiv Gupta, Timothy Donald Myers and W Paul Myron.
View institutional ownership trends for Arconic.

ARNC stock was sold by a variety of institutional investors in the last quarter, including Orbis Allan Gray Ltd, Caas Capital Management LP, BlackRock Inc., Aperio Group LLC, JPMorgan Chase & Co., TB Alternative Assets Ltd., Mackay Shields LLC, and LSV Asset Management.
View insider buying and selling activity for Arconic.

ARNC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., AQR Capital Management LLC, Morgan Stanley, Deroy & Devereaux Private Investment Counsel Inc., Acadian Asset Management LLC, AJO LP, State Street Corp, and First Trust Advisors LP. Company insiders that have bought Arconic stock in the last two years include Diana Toman, Erick R Asmussen, Frederick A Henderson, James F Albaugh, John C Plant, and Rajiv Gupta.
View insider buying and selling activity for Arconic.

Shares of ARNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ARNC stock can currently be purchased for approximately $28.75.

Arconic has a market capitalization of $3.14 billion and generates $7.28 billion in revenue each year. Arconic employs 15,400 workers across the globe.

The official website for Arconic is www.arconic.com.

Arconic's mailing address is 201 Isabella Street Suite 400, Pittsburgh PA, 15212. The basic materials company can be reached via phone at 412-992-2500.