191,179 Shares in Alcoa $AA Acquired by Trek Financial LLC

Trek Financial LLC acquired a new position in shares of Alcoa (NYSE:AA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 191,179 shares of the industrial products company’s stock, valued at approximately $10,159,000.

Other large investors have also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Alcoa during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. raised its stake in shares of Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 525 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Alcoa during the 3rd quarter worth approximately $29,000. CoreCap Advisors LLC grew its position in Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 237 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Alcoa during the 3rd quarter worth approximately $33,000.

Analyst Ratings Changes

Several analysts have weighed in on AA shares. Citigroup boosted their target price on shares of Alcoa from $54.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Wells Fargo & Company set a $68.00 target price on shares of Alcoa in a research report on Thursday, March 12th. Argus set a $73.00 target price on shares of Alcoa in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Alcoa from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group boosted their target price on shares of Alcoa from $48.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $64.27.

Alcoa Stock Up 3.3%

NYSE:AA opened at $65.29 on Tuesday. The company’s 50 day moving average is $65.08 and its two-hundred day moving average is $55.81. The company has a market cap of $17.23 billion, a PE ratio of 16.53 and a beta of 1.51. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. Alcoa has a twelve month low of $25.83 and a twelve month high of $75.70.

Alcoa (NYSE:AA) last released its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.20). The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period last year, the company earned $2.15 earnings per share. Analysts anticipate that Alcoa will post 7.95 EPS for the current year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, May 19th. Alcoa’s dividend payout ratio is 10.13%.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.