Global Alpha Capital Management Ltd. Boosts Stock Holdings in Alcoa (NYSE:AA)

Key Points

• Global Alpha Capital Management Ltd. increased its position in Alcoa shares by 13.3%, holding 925,771 shares after a purchase of an additional 108,561 shares.
• Alcoa recently reported a quarterly EPS of $0.39, exceeding analysts' expectations of $0.29, and generated revenues of $3.02 billion for the quarter.
• The company declared a quarterly dividend of $0.10 per share, with a projected annual yield of 1.3% and a payout ratio of 10.44%.

Global Alpha Capital Management Ltd. boosted its position in shares of Alcoa (NYSE:AA - Free Report) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,771 shares of the industrial products company's stock after buying an additional 108,561 shares during the period. Alcoa accounts for about 2.1% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 24th largest holding. Global Alpha Capital Management Ltd. owned 0.36% of Alcoa worth $28,236,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. grew 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 valued at $26,000 after purchasing an additional 296 shares in the last quarter. Versant Capital Management Inc grew 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 valued at $28,000 after purchasing an additional 520 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Alcoa in the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. purchased a new stake in shares of Alcoa in the first quarter valued at approximately $40,000. Finally, Continuum Advisory LLC grew 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 valued at $56,000 after purchasing an additional 345 shares in the last quarter.

Alcoa Stock Up 0.0%

NYSE:AA opened at $30.11 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.65 and a debt-to-equity ratio of 0.41. The stock's fifty day moving average is $29.54 and its two-hundred day moving average is $30.16. Alcoa has a 52 week low of $21.53 and a 52 week high of $47.77. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 0.17 and a beta of 2.24.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The industrial products company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.10. Alcoa had a return on equity of 19.18% and a net margin of 7.86%. The company had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm's revenue was up 3.9% compared to the same quarter last year. Research analysts anticipate that Alcoa will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, August 12th. Alcoa's dividend payout ratio is 10.44%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AA. Morgan Stanley dropped their price target on Alcoa from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Friday, July 18th. Bank of America upped their price target on Alcoa from $26.00 to $27.00 and gave the company an "underperform" rating in a research report on Thursday, July 17th. Citigroup upgraded Alcoa to a "buy" rating and set a $42.00 price objective on the stock in a report on Tuesday, July 8th. Wall Street Zen cut Alcoa from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, B. Riley decreased their price objective on Alcoa from $38.00 to $37.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.23.

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.

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