Lesa Sroufe & Co Invests $1.13 Million in Alcoa Co. (NYSE:AA)

Lesa Sroufe & Co bought a new position in Alcoa Co. (NYSE:AA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,092 shares of the industrial products company's stock, valued at approximately $1,131,000.

Several other institutional investors have also made changes to their positions in the company. Drummond Knight Asset Management Pty Ltd purchased a new position in Alcoa during the fourth quarter valued at approximately $19,646,000. Corient Private Wealth LLC lifted its stake in shares of Alcoa by 4.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,602 shares of the industrial products company's stock worth $816,000 after buying an additional 948 shares during the last quarter. Rhumbline Advisers increased its position in Alcoa by 1.6% during the fourth quarter. Rhumbline Advisers now owns 688,784 shares of the industrial products company's stock worth $26,022,000 after acquiring an additional 11,094 shares during the period. M&T Bank Corp increased its position in Alcoa by 16.6% during the fourth quarter. M&T Bank Corp now owns 26,437 shares of the industrial products company's stock worth $999,000 after acquiring an additional 3,758 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Alcoa by 59.7% during 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 during the period. 82.39% of the stock is owned by hedge funds and other institutional investors.

Alcoa Price Performance

Shares of AA opened at $28.96 on Tuesday. Alcoa Co. has a 52-week low of $21.53 and a 52-week high of $47.77. 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 business's 50 day moving average price is $26.66 and its two-hundred day moving average price is $32.50. The firm has a market cap of $7.50 billion, a PE ratio of -181.02, a price-to-earnings-growth ratio of 0.19 and a beta of 2.26.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.42. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.58 billion. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, equities analysts anticipate that Alcoa Co. will post 4.43 EPS for the current year.

Alcoa Announces Dividend

The company also recently disclosed 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 yield of 1.38%. The ex-dividend date of this dividend was Tuesday, May 20th. Alcoa's dividend payout ratio (DPR) is currently 12.05%.

Analyst Ratings Changes

Several equities research analysts have issued reports on AA shares. B. Riley lowered their price target on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M JPMorgan Chase & Co. reduced their price target on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Bank of America reiterated an "underperform" rating and set a $26.00 price target (down previously from $58.00) on shares of Alcoa in a research report on Tuesday, April 8th. UBS Group restated a "neutral" rating and set a $31.00 target price on shares of Alcoa in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Alcoa from a "hold" rating to a "buy" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Alcoa presently has a consensus rating of "Hold" and a consensus target price 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.

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