Alcoa (NYSE:AA) Stock Price Down 5.7% - Should You Sell?

Alcoa (NYSE:AA - Get Free Report) traded down 5.7% during mid-day trading on Friday . The stock traded as low as $27.72 and last traded at $28.24. 3,565,596 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 5,604,788 shares. The stock had previously closed at $29.93.

Analysts Set New Price Targets

Several analysts have recently commented on AA shares. HC Wainwright increased their price objective on Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Bank of America reiterated an "underperform" rating and issued a $26.00 price target (down from $58.00) on shares of Alcoa in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their price target on Alcoa from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Barclays upped their price objective on shares of Alcoa to $31.00 and gave the company a "hold" rating in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of Alcoa from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Alcoa currently has a consensus rating of "Hold" and a consensus target price of $42.33.

Alcoa Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 0.43. The stock's 50 day moving average price is $27.27 and its two-hundred day moving average price is $31.79. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 0.17 and a beta of 2.26.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.42. The business 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%. Equities research analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, May 20th. Alcoa's dividend payout ratio (DPR) is 12.05%.

Institutional Trading of Alcoa

A number of hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in shares of Alcoa by 77.1% during the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock worth $26,000 after acquiring an additional 296 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Alcoa by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock worth $1,988,000 after purchasing an additional 300 shares in the last quarter. Continuum Advisory LLC boosted its position in Alcoa by 30.7% during the fourth quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock worth $56,000 after purchasing an additional 345 shares in the last quarter. Captrust Financial Advisors grew its holdings in Alcoa by 5.8% in the fourth quarter. Captrust Financial Advisors now owns 6,569 shares of the industrial products company's stock valued at $248,000 after purchasing an additional 361 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after buying an additional 393 shares in the last quarter.

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.

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