KBC Group NV Reduces its Holdings in Arconic Co. by 24% in Q1
August 8, 2023
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Arconic Corporation ($NYSE:ARNC) is a global leader in multi-materials solutions for aerospace, automotive, and energy that moves the world forward. The company is focused on delivering advanced technologies and optimized solutions to create intelligent infrastructure and transportation systems. Arconic’s core businesses include aluminum, titanium, and nickel-based alloys, as well as advanced additive manufacturing and 3D printing capabilities. The most recent SEC filing revealed that KBC Group NV decreased its ownership of Arconic Co. shares by 24.0% in the first quarter. KBC Group NV is one of the largest institutional investors in Arconic Co., and its decision to reduce its holdings has sent shockwaves through the market – shares of Arconic Corporation have seen a sharp decline in recent weeks.
However, it remains to be seen if other institutional investors will follow KBC’s lead, or if they will remain confident in Arconic’s long-term prospects.
Analysis
At GoodWhale, we recently conducted an analysis of ARCONIC CORPORATION‘s wellbeing. Our Risk Rating results indicate that ARCONIC CORPORATION is a high risk investment in terms of financial and business aspects. Upon further inspection, we detected 3 risk warnings in ARCONIC CORPORATION’s income sheet, balance sheet, and cashflow statement. To access these warnings and explore the detailed analysis we conducted, please register on goodwhale.com. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Arconic Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 8.14k | -254 | 2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Arconic Corporation. More…
| Operations | Investing | Financing |
| 429 | -219 | -195 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Arconic Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.05k | 4.56k | 14.79 |
Key Ratios Snapshot
Some of the financial key ratios for Arconic Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | 2.3% | -2.3% |
| FCF Margin | ROE | ROA |
| 2.1% | -8.0% | -1.9% |
Peers
Its competitors include Nam Lee Pressed Metal Industries Ltd, SG Blocks Inc, and Howmet Aerospace Inc.
– Nam Lee Pressed Metal Industries Ltd ($SGX:G0I)
Nam Lee Pressed Metal Industries Ltd is a Singapore-based investment holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of pressed metal products, steel fabrications and the provision of metal stamping services.
– SG Blocks Inc ($NASDAQ:SGBX)
SGB Blocks Inc is a company that manufactures and sells concrete blocks. The company has a market cap of 19.64M and a ROE of -16.64%. The company’s products are used in the construction of homes, commercial buildings, and other structures.
– Howmet Aerospace Inc ($NYSE:HWM)
As of 2022, Howmet Aerospace Inc has a market cap of 14.91B and a Return on Equity of 12.56%. The company is engaged in the design, manufacture and service of engineered metal components and assemblies for the aerospace and transportation industries. Its products include investment castings, forgings, fasteners, titanium and aluminum structures, and turbine engine components.
Summary
Arconic Corporation is a provider of aluminum products and composite materials. The stock of the company has seen fluctuations in recent months, as highlighted by KBC Group NV’s reduced holdings in the company by 24.0%, as indicated in its most recent Form 13F filing. Analysts believe that the stock may be undervalued and could benefit from increased investor and sector interest.
However, investors need to carefully consider the potential risks associated with investing in the company and its stock, as well as the current market conditions. Furthermore, it may be advisable to diversify a portfolio rather than relying solely on Arconic Corporation shares.
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