Alcoa (NYSE:AA – Get Free Report) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $61.0909.
Several analysts recently issued reports on AA shares. Royal Bank Of Canada set a $70.00 price objective on shares of Alcoa in a report on Wednesday, July 1st. B. Riley Financial dropped their price target on shares of Alcoa from $92.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Argus reduced their price target on shares of Alcoa from $73.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alcoa from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, July 17th.
View Our Latest Stock Report on AA
Alcoa Stock Down 2.1%
Alcoa (NYSE:AA – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.13). Alcoa had a return on equity of 18.90% and a net margin of 9.48%.The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities research analysts anticipate that Alcoa will post 6.55 EPS for the current year.
Alcoa Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Tuesday, August 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, August 11th. Alcoa’s payout ratio is currently 8.23%.
Insider Activity
In other Alcoa news, EVP Tammi Jones sold 15,628 shares of Alcoa stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $50.60, for a total value of $790,776.80. Following the completion of the transaction, the executive vice president directly owned 39,819 shares of the company’s stock, valued at $2,014,841.40. The trade was a 28.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Renato Bacchi sold 700 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $51.02, for a total transaction of $35,714.00. Following the completion of the transaction, the executive vice president directly owned 74,930 shares of the company’s stock, valued at approximately $3,822,928.60. The trade was a 0.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.43% of the stock is currently owned by corporate insiders.
Institutional Trading of Alcoa
A number of large investors have recently modified their holdings of AA. Checchi Capital Advisers LLC raised its position in Alcoa by 3.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,138 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 170 shares in the last quarter. Essential Partners LLC lifted its stake in Alcoa by 0.9% in the first quarter. Essential Partners LLC now owns 20,525 shares of the industrial products company’s stock worth $1,361,000 after acquiring an additional 193 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Alcoa by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 57,940 shares of the industrial products company’s stock worth $3,079,000 after acquiring an additional 229 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Alcoa by 1.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 13,596 shares of the industrial products company’s stock worth $722,000 after acquiring an additional 241 shares in the last quarter. Finally, Himension Capital Singapore PTE. LTD. raised its holdings in shares of Alcoa by 1.3% in the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 18,626 shares of the industrial products company’s stock valued at $1,235,000 after purchasing an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.
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.
See Also
- Five stocks we like better than Alcoa
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.
