Bourgeon Capital Management LLC Acquires Shares of 187,534 Alcoa Co. (NYSE:AA)

Bourgeon Capital Management LLC purchased a new stake in shares of Alcoa Co. (NYSE:AA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 187,534 shares of the industrial products company's stock, valued at approximately $5,720,000. Bourgeon Capital Management LLC owned approximately 0.07% of Alcoa at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AA. Merit Financial Group LLC purchased a new position in Alcoa during the 1st quarter valued at about $217,000. Douglas Lane & Associates LLC boosted its position in shares of Alcoa by 1.0% in the first quarter. Douglas Lane & Associates LLC now owns 1,401,884 shares of the industrial products company's stock valued at $42,757,000 after acquiring an additional 13,194 shares during the period. Rhumbline Advisers boosted its position in shares of Alcoa by 1.3% in the first quarter. Rhumbline Advisers now owns 697,655 shares of the industrial products company's stock valued at $21,278,000 after acquiring an additional 8,871 shares during the period. GAMMA Investing LLC grew its stake in Alcoa by 4,743.7% during the first quarter. GAMMA Investing LLC now owns 70,089 shares of the industrial products company's stock valued at $2,298,000 after acquiring an additional 68,642 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Alcoa by 134.7% during the 1st quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock worth $28,000 after acquiring an additional 520 shares during the period. 82.39% of the stock is currently owned by hedge funds and other institutional investors.

Alcoa Trading Down 1.2%

NYSE:AA traded down $0.32 during trading hours on Wednesday, reaching $27.34. The company's stock had a trading volume of 4,690,669 shares, compared to its average volume of 5,526,093. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of -170.88, a PEG ratio of 0.19 and a beta of 2.29. The firm has a 50-day simple moving average of $26.42 and a 200-day simple moving average of $33.70. Alcoa Co. has a 1 year low of $21.53 and a 1 year high of $47.77.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results 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. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.58 billion. Research analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, May 20th. Alcoa's dividend payout ratio (DPR) is presently 12.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group restated a "neutral" rating and set a $31.00 price target on shares of Alcoa in a research report on Thursday, May 15th. Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price objective on Alcoa from $28.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Bank of America restated an "underperform" rating and issued a $26.00 price objective (down from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. Finally, HC Wainwright lifted their target price on shares of Alcoa to $90.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $42.50.

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.