Why is Rheinmetall stock falling? (2024)

Why is Rheinmetall stock falling?

MILAN, April 9 (Reuters) - Germany's Rheinmetall (RHMG.DE) , opens new tab led European defence stocks in their biggest one-day drop in a year on Tuesday, with traders turning nervous about the sector's record-breaking run and analysts pointing to potentially stretched valuations.

Is Rheinmetall a good stock to buy?

Rheinmetall AG's analyst rating consensus is a Strong Buy. This is based on the ratings of 12 Wall Streets Analysts.

Why is Rheinmetall stock rising?

Strong sales growth with rising high margins. Based on the current market outlooks, the Rheinmetall Group expects significant growth in sales and anticipates a rising operating margin combined with an improved operating result in fiscal 2024.

Does Rheinmetall still make tanks?

The Panther KF51 (KF is short for German "Kettenfahrzeug" lit. 'tracked vehicle') is a German main battle tank (MBT) that is under development by Rheinmetall Landsysteme (part of Rheinmetall's Vehicle Systems division). It was unveiled publicly at the Eurosatory defence exhibition on 13 June 2022.

Does BAE own Rheinmetall?

Rheinmetall BAE Systems Land was launched in July 2019 as a new and independent joint venture business between BAE Systems and Rheinmetall. Headquartered in Telford in the West Midlands, RBSL employs a skilled workforce, located in Telford as well as at sites near Newcastle, Bristol and in Dorset.

Who owns shares in Rheinmetall?

The ownership structure of Rheinmetall (GB:0NI1) stock is a mix of institutional, retail and individual investors. Approximately 22.38% of the company's stock is owned by Institutional Investors, 0.42% is owned by Insiders and 77.20% is owned by Public Companies and Individual Investors.

Who is the owner of Rheinmetall?

Rheinmetall-Borsig was then transformed into a pure holding company owned by the Federal Republic of Germany and two independent subsidiaries were founded.

How many tanks can Rheinmetall produce?

MILAN, Italy — German arms maker Rheinmetall wants to build a factory in Ukraine that could produce up to 400 of the company's envisioned Panther KF51 main battle tanks annually.

Does the Abrams use a Rheinmetall gun?

Used in the field by many nations since 1980, Rheinmetall's 120mm technology has progressed to be the world's most innovative and established main battle tank armament within the armed forces of Germany, NATO and other friendly nations. It is the standard system on the Leopard2 and M1 Abrams platform.

Does the US use Rheinmetall?

Rheinmetall is a longstanding partner of NATO and has many years of experience as a top supplier to the U.S. Department of Defense.

Will Rheinmetall build a plant in Ukraine?

German arms manufacturer Rheinmetall plans to set up at least four factories in Ukraine to produce artillery shells, military vehicles, gunpowder, and anti-aircraft weapons, the AFP reported on March 14.

How many employees does Rheinmetall have?

The about 33,700 employees of the Rheinmetall Group make a significant contribution to attaining corporate goals and securing and expanding the group's economic success on a sustainable and long-term basis, thanks to their knowledge, skills and dedication.

What tanks are made by Rheinmetall?

Rheinmetall is one of Europe's leading suppliers of armoured tracked vehicle systems in all weight classes. The portfolio includes the KF51 Panther, MBT Advanced Technology Demonstrator, the IFV Lynx, AEV 3 Kodiak, the LRV Wiesel, just to name a few.

What did Rheinmetall make in ww2?

In the 1930s, the group of companies, at that time called Rheinmetall-Borsig, began to rapidly increase production of firearms, anti-tank and artillery weapons, and as a result became one of the main suppliers of heavy weapons to the German army during WWII.

How many shares does Rheinmetall have?

Number of shares outstanding as of April 2024 : 43,589,744.

What companies are similar to Rheinmetall?

Does Rheinmetall pay dividends?

Rheinmetall pays a dividend 1 times a year. Payment month is May.

Is Rheinmetall still in business?

Rheinmetall was founded in 1889 as "Rheinische Metallwaaren- und Maschinenfabrik Actiengesellschaft". Today, Rheinmetall is a leading, globally active, integrated technology group that develops and sells components, systems and services for the security and civil industries.

What is the old name of Rheinmetall?

Rheinmetall has long been a fixture on the trading floor. Following the company's founding in 1889 under the name “Rheinische Metallwaaren- und Maschinenfabrik Actiengesellschaft,” it went public in 1894.

How big is the Rheinmetall company?

What is the size of Rheinmetall? Rheinmetall has 24,263 total employees.

Who is the biggest tank manufacturer in the world?

The world's biggest tank factory — Russia's only tank factory — recently released a video to celebrate their success in 2023. UralVagonZavod, Russia's "Ural Freight Wagon Plant" or UVZ, announced on Telegram that they had “successfully completed” contracts for the supply of new T-90M and refurbished T-72B3M tanks.

Does Rheinmetall make the leopard?

The main armament of all Leopard 2 tanks is a smoothbore 120 mm cannon made by Rheinmetall. This is operated with a digital fire control system, laser rangefinder, and advanced night vision and sighting equipment. The tank is powered by a V12 twin-turbo diesel engine made by MTU Friedrichshafen.

What weapons does Rheinmetall use in Ukraine?

Ammunition. Rheinmetall is now the sole defence contractor capable of supplying the Ukrainian military with large amounts of new medium- and large-calibre ammunition, including 20mm for the Marder infantry fighting vehicle, 40mm ammunition, as well as 105mm for the Leopard 1 and 120mm tank ammunition for the Leopard 2.

Should I buy MKL stock?

Markel Corp's analyst rating consensus is a Hold. This is based on the ratings of 4 Wall Streets Analysts.

What is the earnings forecast for Rheinmetall?

Rheinmetall is forecast to grow earnings and revenue by 27.6% and 18% per annum respectively. EPS is expected to grow by 27.6% per annum. Return on equity is forecast to be 29.7% in 3 years.