Alcoa (NYSE:AA) Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in Alcoa (NYSE:AA - Free Report) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 175,129 shares of the industrial products company's stock after acquiring an additional 10,972 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Alcoa worth $5,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 296 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Alcoa during the fourth quarter valued at approximately $29,000. Versant Capital Management Inc grew its stake in Alcoa by 134.7% during 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 purchased a new stake in Alcoa during the fourth quarter worth approximately $36,000. 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 worth $39,000 after acquiring an additional 393 shares in the last quarter.

Alcoa Stock Performance

Shares of AA stock traded down $1.31 on Monday, hitting $29.84. 5,074,138 shares of the stock traded hands, compared to its average volume of 5,670,584. The company has a market capitalization of $7.73 billion, a PE ratio of 8.99, a PEG ratio of 0.19 and a beta of 2.25. The company's fifty day moving average is $27.96 and its 200 day moving average is $31.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.71 and a quick ratio of 1.00. Alcoa has a 1-year low of $21.53 and a 1-year high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate 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 net margin of 6.79% and a return on equity of 18.56%. On average, equities research analysts predict that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, May 20th. Alcoa's dividend payout ratio (DPR) is 12.05%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AA. JPMorgan Chase & Co. increased their target price on Alcoa from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. B. Riley reaffirmed a "buy" rating and issued a $38.00 price objective (down previously from $43.00) on shares of Alcoa in a research report on Tuesday, June 24th. HC Wainwright boosted their target price on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. 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. Finally, Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $42.33.

Alcoa Company Profile

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.