Alcoa Co. (NYSE:AA – Get Rating) has been given an average rating of “Hold” by the eleven analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.00.
AA has been the subject of several analyst reports. StockNews.com cut shares of Alcoa from a “hold” rating to a “sell” rating in a report on Friday. Citigroup upgraded shares of Alcoa from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $65.00 in a report on Tuesday, February 21st. B. Riley reduced their price objective on shares of Alcoa from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday. B. Riley Financial reduced their price objective on shares of Alcoa from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday. Finally, UBS Group boosted their price objective on shares of Alcoa from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 1st.
Insider Activity at Alcoa
In related news, CFO William F. Oplinger sold 134,444 shares of the company’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $53.04, for a total value of $7,130,909.76. Following the completion of the sale, the chief financial officer now owns 71,560 shares in the company, valued at approximately $3,795,542.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alcoa news, EVP Jeffrey D. Heeter sold 40,130 shares of the company’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $51.21, for a total transaction of $2,055,057.30. Following the completion of the transaction, the executive vice president now owns 37,840 shares in the company, valued at approximately $1,937,786.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William F. Oplinger sold 134,444 shares of the company’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $53.04, for a total transaction of $7,130,909.76. Following the transaction, the chief financial officer now owns 71,560 shares of the company’s stock, valued at approximately $3,795,542.40. The disclosure for this sale can be found here. Insiders sold a total of 210,188 shares of company stock worth $11,017,365 in the last 90 days.
Hedge Funds Weigh In On Alcoa
A number of large investors have recently bought and sold shares of AA. Wipfli Financial Advisors LLC acquired a new stake in Alcoa in the 3rd quarter valued at about $27,000. JCIC Asset Management Inc. purchased a new position in shares of Alcoa during the 3rd quarter worth about $27,000. Neo Ivy Capital Management purchased a new position in shares of Alcoa during the 2nd quarter worth about $27,000. Spire Wealth Management raised its holdings in Alcoa by 384.6% in the fourth quarter. Spire Wealth Management now owns 630 shares of the industrial products company’s stock valued at $29,000 after buying an additional 500 shares during the period. Finally, Fairfield Bush & CO. purchased a new position in Alcoa in the first quarter valued at approximately $29,000.
Alcoa Trading Down 0.3 %
Shares of AA stock opened at $38.04 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 1.78. The stock has a market capitalization of $6.78 billion, a P/E ratio of -8.20, a price-to-earnings-growth ratio of 6.12 and a beta of 2.43. The company has a 50 day moving average price of $43.92 and a 200 day moving average price of $45.46. Alcoa has a fifty-two week low of $33.55 and a fifty-two week high of $72.68.
Alcoa (NYSE:AA – Get Rating) last posted its quarterly earnings results on Wednesday, April 19th. The industrial products company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.18). Alcoa had a positive return on equity of 4.02% and a negative net margin of 6.78%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the firm earned $3.06 EPS. The company’s revenue was down 18.9% on a year-over-year basis. Equities research analysts predict that Alcoa will post 1.12 EPS for the current fiscal year.
Alcoa Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Tuesday, March 7th were given a $0.10 dividend. The ex-dividend date was Monday, March 6th. This represents a $0.40 annualized dividend and a yield of 1.05%. Alcoa’s dividend payout ratio (DPR) is -8.62%.
Alcoa Company Profile
Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina.