Evergreen Capital Management LLC Invests $1.40 Million in Alcoa $AA

Key Points

• Evergreen Capital Management opened a new position in Alcoa (NYSE:AA) in Q4, purchasing 26,319 shares worth about $1.40 million.
• Alcoa missed Q1 estimates with EPS of $1.40 (vs. $1.60 expected) and revenue of $3.19B (vs. $3.35B), while analysts remain mixed—several raised price targets (e.g., Citigroup to $76, B. Riley to $96) but the consensus rating is a Hold with a $61.73 target.
• The stock trades near $65.37 with a market cap of $17.25B, a PE of 16.55, a 52‑week range of $23.60–$75.70, and a recent quarterly dividend of $0.10 (≈0.6% yield).

Evergreen Capital Management LLC acquired a new position in Alcoa (NYSE:AA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,319 shares of the industrial products company's stock, valued at approximately $1,399,000.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Alcoa by 455.9% in the 3rd quarter. Pacer Advisors Inc. now owns 62,982 shares of the industrial products company's stock worth $2,071,000 after acquiring an additional 51,652 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Alcoa by 187.7% in the 4th quarter. Nordea Investment Management AB now owns 408,624 shares of the industrial products company's stock worth $21,902,000 after acquiring an additional 266,574 shares during the last quarter. Regal Partners Ltd lifted its holdings in shares of Alcoa by 7.0% in the 3rd quarter. Regal Partners Ltd now owns 451,940 shares of the industrial products company's stock worth $14,864,000 after acquiring an additional 29,612 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of Alcoa in the 4th quarter worth approximately $2,631,000. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Alcoa in the 3rd quarter worth approximately $5,606,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AA. Citigroup upped their price objective on shares of Alcoa from $54.00 to $76.00 and gave the stock a "buy" rating in a report on Monday, March 16th. Zacks Research upgraded shares of Alcoa from a "hold" rating to a "strong-buy" rating in a report on Friday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $68.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. BMO Capital Markets upped their price objective on shares of Alcoa from $65.00 to $75.00 and gave the stock a "market perform" rating in a report on Thursday, April 9th. Finally, B. Riley Financial increased their target price on shares of Alcoa from $78.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.73.

Alcoa Price Performance

Alcoa stock opened at $65.37 on Friday. The firm has a market cap of $17.25 billion, a PE ratio of 16.55 and a beta of 1.70. Alcoa has a 52-week low of $23.60 and a 52-week high of $75.70. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The company's 50 day moving average is $64.42 and its two-hundred day moving average is $53.62.

Alcoa (NYSE:AA - Get Free Report) last released its earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.60 by ($0.20). The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.Alcoa's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 earnings per share. On average, research analysts expect that Alcoa will post 7.66 EPS for the current fiscal year.

Alcoa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. Alcoa's dividend payout ratio is 10.13%.

Alcoa Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company's operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa's product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.

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