Focus Partners Advisor Solutions LLC Takes Position in Alcoa $AA

Focus Partners Advisor Solutions LLC bought a new position in shares of Alcoa (NYSE:AA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,130 shares of the industrial products company’s stock, valued at approximately $568,000.

A number of other institutional investors have also recently made changes to their positions in AA. Huntington National Bank boosted its holdings in Alcoa by 167.9% in the third quarter. Huntington National Bank now owns 1,259 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 789 shares during the last quarter. Caitlin John LLC bought a new stake in shares of Alcoa in the 3rd quarter valued at $117,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Alcoa during the 3rd quarter valued at $542,000. Fox Run Management L.L.C. bought a new position in Alcoa during the third quarter worth $590,000. Finally, Monaco Asset Management SAM boosted its stake in Alcoa by 177.8% during the third quarter. Monaco Asset Management SAM now owns 250,000 shares of the industrial products company’s stock worth $8,222,000 after acquiring an additional 160,000 shares in the last quarter.

Alcoa Stock Performance

NYSE AA opened at $59.53 on Monday. Alcoa has a 1 year low of $21.53 and a 1 year high of $68.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 13.47 and a beta of 1.85. The company has a fifty day moving average price of $60.59 and a 200-day moving average price of $45.86.

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

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. Alcoa’s dividend payout ratio (DPR) is currently 9.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AA shares. Citigroup lifted their price target on shares of Alcoa from $42.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, December 19th. B. Riley Financial reissued a “buy” rating on shares of Alcoa in a research note on Friday, January 23rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $50.00 price target (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Zacks Research downgraded shares of Alcoa from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company decreased their target price on shares of Alcoa from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Alcoa presently has an average rating of “Hold” and an average target price of $48.25.

Alcoa Company 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.