Alcoa (NYSE:AA) Shares Down 3.9% - Should You Sell?

Alcoa (NYSE:AA - Get Free Report) shares fell 3.9% on Monday . The stock traded as low as $29.70 and last traded at $29.87. 1,626,051 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 5,653,752 shares. The stock had previously closed at $31.09.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AA. Bank of America reissued an "underperform" rating and issued a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. Citigroup raised shares of Alcoa to a "buy" rating and set a $42.00 price objective for the company in a research report on Tuesday, July 8th. UBS Group restated a "neutral" rating and issued a $31.00 target price on shares of Alcoa in a research note on Thursday, May 15th. Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. increased their price target on Alcoa from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.31.

Alcoa Trading Down 4.2%

The business has a 50 day simple moving average of $28.52 and a 200-day simple moving average of $31.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.71. The stock has a market capitalization of $7.71 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.19 and a beta of 2.25.

Alcoa (NYSE:AA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.42. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.58 billion. Alcoa had a return on equity of 18.56% and a net margin of 6.79%. On average, analysts predict that Alcoa will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, May 20th. Alcoa's dividend payout ratio is presently 12.05%.

Institutional Investors Weigh In On Alcoa

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. boosted its position in shares of Alcoa by 77.1% in the fourth quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after buying an additional 296 shares during the period. Versant Capital Management Inc boosted its position in shares of Alcoa by 134.7% in the first quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock worth $28,000 after buying an additional 520 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Alcoa in the fourth quarter worth $36,000. Montag A & Associates Inc. acquired a new stake in shares of Alcoa in the first quarter worth $40,000. Finally, Continuum Advisory LLC boosted its position in shares of Alcoa by 30.7% in the fourth quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock worth $56,000 after buying an additional 345 shares during the period. 82.39% of the stock is owned by institutional investors.

About Alcoa

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.