Lesa Sroufe & Co Buys Shares of 37,092 Alcoa (NYSE:AA)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bessemer Group Inc. raised its stake 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 acquiring an additional 296 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Alcoa by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,624 shares of the industrial products company's stock valued at $1,988,000 after buying an additional 300 shares during the period. Continuum Advisory LLC raised its holdings in Alcoa by 30.7% during the 4th quarter. Continuum Advisory LLC now owns 1,470 shares of the industrial products company's stock worth $56,000 after purchasing an additional 345 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Alcoa by 5.8% during the fourth quarter. Captrust Financial Advisors now owns 6,569 shares of the industrial products company's stock worth $248,000 after buying an additional 361 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 393 shares during the last quarter. 82.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AA. Wall Street Zen upgraded Alcoa from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. HC Wainwright upped their price target on Alcoa to $90.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. B. Riley cut their price target on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M UBS Group reissued a "neutral" rating and set a $31.00 price objective on shares of Alcoa in a research note on Thursday, May 15th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $26.00 target price (down previously from $58.00) on shares of Alcoa in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $42.75.

Alcoa Stock Down 1.7%

AA traded down $0.47 during trading on Friday, reaching $27.88. The company had a trading volume of 7,289,867 shares, compared to its average volume of 5,601,373. The company has a market cap of $7.22 billion, a P/E ratio of 8.40, a PEG ratio of 0.16 and a beta of 2.26. Alcoa has a 12 month low of $21.53 and a 12 month high of $47.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.71 and a quick ratio of 1.00. The business's fifty day moving average price is $26.86 and its 200 day moving average price is $32.33.

Alcoa (NYSE:AA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.42. The business had revenue of $3.37 billion for 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%. Equities analysts anticipate that Alcoa will post 4.43 EPS for the current year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Tuesday, May 20th. Alcoa's dividend payout ratio is 12.05%.

Alcoa 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.