Baron Wealth Management LLC Makes New $473,000 Investment in Alcoa $AA

Baron Wealth Management LLC acquired a new position in shares of Alcoa (NYSE:AA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,908 shares of the industrial products company’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CoreCap Advisors LLC lifted its stake in shares of Alcoa by 74.1% in the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after buying an additional 237 shares during the period. Quadrant Capital Group LLC increased its stake in Alcoa by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 22,497 shares of the industrial products company’s stock valued at $740,000 after acquiring an additional 324 shares during the period. Lesa Sroufe & Co increased its stake in Alcoa by 0.5% during the third quarter. Lesa Sroufe & Co now owns 75,504 shares of the industrial products company’s stock valued at $2,483,000 after acquiring an additional 349 shares during the period. Nisa Investment Advisors LLC raised its holdings in Alcoa by 3.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,581 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 362 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Alcoa by 4.0% in the 2nd quarter. Captrust Financial Advisors now owns 11,617 shares of the industrial products company’s stock valued at $343,000 after acquiring an additional 452 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

Alcoa Stock Performance

NYSE:AA opened at $58.36 on Friday. The stock has a market capitalization of $15.40 billion, a P/E ratio of 13.20 and a beta of 1.85. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. Alcoa has a 1 year low of $21.53 and a 1 year high of $68.40. The firm has a 50 day moving average of $60.87 and a 200-day moving average of $48.86.

Alcoa (NYSE:AA) last released its quarterly earnings results on Thursday, January 22nd. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.31. Alcoa had a return on equity of 16.19% and a net margin of 9.12%.The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company earned $1.04 EPS. Alcoa’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 10th. Alcoa’s dividend payout ratio is presently 9.05%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AA shares. Zacks Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. UBS Group boosted their price target on Alcoa from $48.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wells Fargo & Company set a $68.00 price target on Alcoa in a research report on Thursday, March 12th. B. Riley Financial reiterated a “buy” rating on shares of Alcoa in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. raised Alcoa from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $68.00 in a report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.45.

Alcoa Profile

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.