Louisiana State Employees Retirement System Acquires New Shares in Alcoa Co. (NYSE:AA)

Louisiana State Employees Retirement System bought a new position in Alcoa Co. (NYSE:AA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 50,100 shares of the industrial products company's stock, valued at approximately $1,703,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tennessee Valley Asset Management Partners acquired a new stake in shares of Alcoa in the 4th quarter worth $31,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Alcoa during the 4th quarter worth about $424,000. International Assets Investment Management LLC acquired a new stake in shares of Alcoa during the 4th quarter worth about $32,400,000. Nisa Investment Advisors LLC increased its position in shares of Alcoa by 161.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,650 shares of the industrial products company's stock worth $362,000 after purchasing an additional 6,580 shares during the last quarter. Finally, Advisors Preferred LLC acquired a new stake in shares of Alcoa during the 4th quarter worth about $1,816,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group raised their price objective on Alcoa from $27.00 to $32.00 and gave the stock a "sell" rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on Alcoa from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, January 18th. StockNews.com downgraded Alcoa from a "hold" rating to a "sell" rating in a research report on Friday. B. Riley raised their target price on Alcoa from $25.00 to $31.00 and gave the company a "neutral" rating in a report on Thursday. Finally, BMO Capital Markets raised their target price on Alcoa from $35.00 to $37.00 and gave the company a "market perform" rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $32.96.

Insider Buying and Selling

In related news, EVP Tammi A. Jones sold 26,468 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $30.78, for a total transaction of $814,685.04. Following the completion of the sale, the executive vice president now owns 41,166 shares in the company, valued at $1,267,089.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Alcoa Stock Up 0.2 %

Shares of AA traded up $0.06 during midday trading on Friday, hitting $35.53. The company had a trading volume of 8,016,819 shares, compared to its average volume of 6,526,711. The company's 50-day simple moving average is $31.14 and its 200-day simple moving average is $29.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.74 and a current ratio of 1.61. The firm has a market capitalization of $6.38 billion, a P/E ratio of -9.45, a P/E/G ratio of 2.40 and a beta of 2.47. Alcoa Co. has a 1 year low of $23.07 and a 1 year high of $42.23.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The company had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.55 billion. Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS. As a group, sell-side analysts expect that Alcoa Co. will post 0.31 EPS for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Tuesday, March 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, March 4th. Alcoa's payout ratio is -10.64%.

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.