Precision Castparts Corp

Most Recent

  • uploads///Estimates
    Company & Industry Overviews

    What to Expect from Berkshire Hathaway’s Earnings

    Berkshire Hathaway (BRK-B) is expected to post EPS (earnings per share) of $2,829 per share in 4Q16 and $2,880 in 1Q17.

    By Robert Karr
  • uploads///Estimates
    Company & Industry Overviews

    Berkshire’s EPS Estimates Might Fall on Wells Fargo News

    Berkshire lost $1.4 billion in valuations after the scandal related to Wells Fargo (WFC) unearthed. Berkshire stock has fallen 3% over the past one week.

    By Robert Karr
  • uploads///manufacturing
    Consumer

    Berkshire Hathaway’s Manufacturing Rose on Precision Castparts, Duracell in 2Q

    Berkshire Hathaway reported revenues of $12.0 billion and profits of $129 million for McLane in 2Q16, as compared to revenues of $12.2 billion and profits of $147 million in 2Q15.

    By Robert Karr
  • uploads///Manufacturing
    Company & Industry Overviews

    Berkshire Hathaway’s Growing Manufacturing Portfolio

    In 1Q16, Berkshire Hathaway’s manufacturing business reported revenues of $10.6 billion, as compared to $8.9 billion during the same quarter in 2015.

    By Robert Karr
  • uploads///Stock
    Macroeconomic Analysis

    Berkshire Is Expected to Post Strong Earnings in 1Q16

    Berkshire Hathaway’s stock has risen by 9% over the past month. In comparison, SPY has risen by 7% over the past month.

    By Robert Karr
  • uploads///Manufacturing
    Earnings Report

    Despite Slow Growth, Berkshire Expands Manufacturing Portfolio

    In 3Q15, Berkshire Hathaway’s manufacturing business reported revenues of $9.1 billion, compared with $9.5 billion during the same quarter last year.

    By Robert Karr
  • uploads///part  aluminum premiums
    Company & Industry Overviews

    US Aluminum Premiums Could Remain Stable in 2016

    While capacity cuts by US smelters might not have an impact on aluminum prices, cuts could support aluminum premiums. Aluminum premiums are more regional.

    By Mohit Oberoi, CFA
  • uploads///Article
    Fund Managers

    Top Holdings of AGTHX Traded below Its Moving Averages

    The top holdings of the Growth Fund of America (AGTHX) as of January 7, 2016, were Alexion Pharmaceuticals, Costco, EOG Resources, and Precision Castparts.

    By Seth Bennett
  • uploads///part  revenues
    Earnings Report

    Alcoa’s 4Q15 Revenues Slid on Lower Pricing, Divestitures

    Alcoa reported revenues of $5.2 billion. While Alcoa’s earnings topped Wall Street expectations, its 4Q15 revenues came in lower than consensus estimates.

    By Mohit Oberoi, CFA
  • uploads///part
    Company & Industry Overviews

    Alcoa’s Downstream Business Is Thriving: What about Upstream?

    Alcoa’s upstream business has been gaining strength. It also has a downstream business, which produces alumina and primary aluminum.

    By Mohit Oberoi, CFA
  • uploads///chart
    Macroeconomic Analysis

    Analyzing Alternative Mutual Fund MERFX: How Did It Perform?

    The Merger Fund (MERFX) is an alternative smart beta fund that uses the popular hedge fund strategy “merger arbitrage” to gain profit in the market S&P 500 (SPY).

    By Ivan Kading
  • uploads///post split structure
    Miscellaneous

    No Surprises in Alcoa’s Post-Separation Management Structure

    On November 24, Alcoa announced the executive management structure to be introduced following its split.

    By Mohit Oberoi, CFA
  • uploads///part  valuations
    Fund Managers

    Elliott Management Bet on Value Creation after Alcoa’s Split

    In its SEC regulatory filing disclosing its stake in Alcoa (AA), Elliott Management noted that it found Alcoa “dramatically undervalued by the public market.”

    By Mohit Oberoi, CFA
  • uploads///part
    Fund Managers

    Elliott Management Found Value in Alcoa

    Elliott Management is not the only company finding value in the beleaguered commodity space. In August, Carl Icahn disclosed his 8.5% stake in Freeport-McMoRan.

    By Mohit Oberoi, CFA
  • uploads///Portfolio Break down of the AMCPX
    Macroeconomic Analysis

    November Rundown of the American Funds AMCAP Fund Class A

    The American Funds AMCAP Fund Class A invests in “US companies of any size with solid long-term growth records and the potential for good future growth.”

    By David Ashworth
  • uploads///Manufacturing
    Earnings Report

    Revenues Expand for McLane, Fall for Manufacturing

    Berkshire Hathaway’s manufacturing business reported revenues of $9.1 billion as compared to $9.5 billion in the prior year’s quarter.

    By Robert Karr
  • uploads///part  value add structure
    Miscellaneous

    Alcoa’s Split: How Will the Value-Add Company Look?

    In this part, we’ll explore the value-add company’s structure. The company will have three business segments, as you can see in the graph below.

    By Mohit Oberoi, CFA
  • uploads///last valuations
    Company & Industry Overviews

    Aluminum Companies’ Valuation: Key Investor Takeaways

    Alcoa’s (AA) valuation has fallen over the last year. Currently, it trades at a discount to its five-year average. The valuation fell for a reason.

    By Mohit Oberoi, CFA
  • uploads///value chain profit vary
    Company & Industry Overviews

    Why Profit Margins Vary across the Aluminum Value Chain

    The profit margins vary across the aluminum value chain. Upstream aluminum producers’ earnings depend on their position on the cost curve.

    By Mohit Oberoi, CFA
  • uploads///PCP BRK BRK basics
    Miscellaneous

    Berkshire Hathaway 101: An Overview for Merger Arbitrage

    Berkshire Hathaway is a giant holding company run by Warren Buffett. It focuses on insurance but has recently acquired Precision Castparts Corp.

    By Brent Nyitray, CFA, MBA
  • uploads///PCP BRK PCP basics
    Miscellaneous

    Precision Castparts 101: An Overview for Merger Arbitrage

    Precision Castparts manufactures complex products for aerospace and power applications that supplies General Electric, United Technologies, and Rolls Royce.

    By Brent Nyitray, CFA, MBA
  • uploads///PCP BRK operating performance
    Miscellaneous

    What is the Rationale for the Precision Castparts Transaction?

    In the acquisition of Precision Castparts, Buffett is not buying an underperforming company. Berkshire Hathaway does not consider this to be a turnaround situation.

    By Brent Nyitray, CFA, MBA
  • uploads///PCP BRK win
    Miscellaneous

    Will Antitrust Be an Issue in the Precision Castparts Transaction?

    In the merger of Berkshire Hathaway and Precision Castparts, both companies will have to file under the Hart–Scott–Rodino Antitrust Improvements Act.

    By Brent Nyitray, CFA, MBA
  • uploads///Total IG Bond Issuance for WE June
    Company & Industry Overviews

    Petrobras Issues 100-Year Tenure High-Grade Bonds

    US corporates were the largest issuers of high-grade bonds in the week ending June 5, after US financial companies took the spot the previous week.

    By David Ashworth
  • uploads///US Investment Grade Bond Market Issuance
    Company & Industry Overviews

    Issuance Volume Barely Changes: Investment-Grade Corporate Bonds

    Investment-grade corporate bonds worth $24.625 billion were issued in the primary market in the week ending June 5—3.2% lower than the previous week.

    By David Ashworth
  • uploads///aerospace
    Macroeconomic Analysis

    Alcoa Sees Strong End User Demand in 1Q15

    April has been a mixed bag for the aluminum industry. End user demand continues to be strong, at least in Alcoa’s core markets of North America and Europe.

    By Mohit Oberoi, CFA
  • uploads///aluminum inventories
    Macroeconomic Analysis

    Aluminum Inventories Continue Downward Journey in April

    As of April 10, aluminum inventories with LME registered warehouses stood at 3.9 metric tonnes, a year-to-date decline of 7.5%.

    By Mohit Oberoi, CFA
  • uploads///airware
    Earnings Report

    Constellium’s Aerospace Segment: What Are Its Challenges?

    In the third quarter, Constellium warned that its Aerospace and Transportation, or A&T, segment’s profits could come down.

    By Mohit Oberoi, CFA
  • uploads///shipmnet up profit down
    Earnings Report

    Constellium’s Shipments Rose, But Its Profits Decreased in 4Q14

    While Constellium’s shipments increased in the fourth quarter, its profits decreased. Its fourth quarter EBITDA came down by 14% on a YoY basis.

    By Mohit Oberoi, CFA
  • uploads///business segments
    Earnings Report

    What Are Constellium’s Major Operations?

    Constellium is engaged in the aluminum fabrication business. Its fourth quarter earnings were a positive surprise for the markets.

    By Mohit Oberoi, CFA
  • uploads///rti last
    Macroeconomic Analysis

    Financial impact of RTI International Metals acquisition

    Alcoa expects RTI International Metals to contribute $1.2 million to 2019 revenues. It expects RTI’s EBITDA margin to increase from 14.5% to 25% by 2019.

    By Mohit Oberoi, CFA
  • uploads///rti metals
    Company & Industry Overviews

    How RTI International Metals fits into Alcoa’s aerospace strategy

    Alcoa has announced the acquisition of RTI International Metals (RTI). RTI will enhance Alcoa’s portfolio of titanium offerings.

    By Mohit Oberoi, CFA
  • uploads///vale add product mix
    Earnings Report

    Why Investors Should Understand Century Aluminum’s Product Mix

    For Century Aluminum’s (CENX) 2015 product mix, it expects to get more than half of its revenue from non-standard grade aluminum products.

    By Mohit Oberoi, CFA
  • uploads///ford f lower crude
    Macroeconomic Analysis

    Why Alcoa Investors Should Watch Sales Of The Ford F-150 Truck

    Truck drivers have an incentive to buy lightweight aluminum body trucks, which carry more cargo than steel body trucks and offer improved fuel economy.

    By Mohit Oberoi, CFA
  • uploads///agn
    Fund Managers

    Viking Global Investors increases stakes in Allergan

    Allergan’s total product sales were $1.79 billion, up 17.2% as compared to total product sales in 3Q13.

    By Patricia Garner
  • uploads///stz
    Fund Managers

    Viking Global Investors sells position in Constellation Brands

    Viking Global Investors sold its position in Constellation Brands (CAM) in 3Q14. The position accounted for 1.27% of Viking’s 2Q portfolio.

    By Patricia Garner
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.