Campbell & CO Investment Adviser LLC Makes New Investment in Alcoa $AA

Campbell & CO Investment Adviser LLC purchased a new stake in Alcoa (NYSE:AA) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 48,207 shares of the industrial products company’s stock, valued at approximately $1,586,000.

A number of other institutional investors have also made changes to their positions in AA. IFP Advisors Inc boosted its stake in Alcoa by 1,096.0% during the 2nd quarter. IFP Advisors Inc now owns 897 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 822 shares during the period. Horrell Capital Management Inc. acquired a new position in shares of Alcoa during the second quarter worth approximately $30,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Alcoa in the third quarter valued at approximately $53,000. EverSource Wealth Advisors LLC grew its stake in shares of Alcoa by 173.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,040 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Alcoa by 357.9% during the second quarter. Hantz Financial Services Inc. now owns 2,656 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 2,076 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AA shares. Argus set a $45.00 price target on shares of Alcoa in a report on Thursday, October 30th. B. Riley raised their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Wells Fargo & Company set a $71.00 price objective on Alcoa and gave the company an “equal weight” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $52.00 target price on shares of Alcoa in a research report on Monday, December 15th. Finally, Citigroup lifted their price target on shares of Alcoa from $42.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.83.

Alcoa Price Performance

Alcoa stock opened at $60.14 on Friday. The business has a 50 day simple moving average of $48.54 and a 200 day simple moving average of $38.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.56 and a quick ratio of 0.91. The company has a market capitalization of $15.57 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.22 and a beta of 1.95. Alcoa has a one year low of $21.53 and a one year high of $66.95.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.13. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $3.03 billion. Alcoa had a return on equity of 15.85% and a net margin of 8.91%.The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. On average, sell-side analysts forecast that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 4th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Alcoa’s dividend payout ratio (DPR) is 9.24%.

About Alcoa

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.