Leuthold Group LLC Invests $2.62 Million in Alcoa $AA

Leuthold Group LLC bought a new position in shares of Alcoa (NYSE:AA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,245 shares of the industrial products company’s stock, valued at approximately $2,617,000.

Other hedge funds have also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its position in Alcoa by 52,500.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 525 shares during the last quarter. CoreCap Advisors LLC boosted its position in Alcoa by 74.1% during the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 237 shares during the last quarter. Hilltop National Bank acquired a new stake in Alcoa during the fourth quarter worth approximately $40,000. True Wealth Design LLC boosted its position in Alcoa by 2,281.3% during the fourth quarter. True Wealth Design LLC now owns 762 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 730 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Alcoa during the third quarter worth approximately $27,000.

Alcoa Stock Down 0.1%

Shares of AA opened at $62.45 on Monday. The firm has a market cap of $16.48 billion, a PE ratio of 15.81 and a beta of 1.51. The company’s fifty day moving average is $65.35 and its two-hundred day moving average is $56.58. Alcoa has a fifty-two week low of $25.83 and a fifty-two week high of $75.70. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.15 EPS. Analysts forecast that Alcoa will post 7.95 earnings per share for the current year.

Alcoa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Alcoa’s payout ratio is presently 10.13%.

Analysts Set New Price Targets

AA has been the topic of a number of analyst reports. Wells Fargo & Company set a $68.00 target price on shares of Alcoa in a research report on Thursday, March 12th. UBS Group raised their target price on shares of Alcoa from $48.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Morgan Stanley upgraded shares of Alcoa from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $64.00 to $80.00 in a report on Thursday, April 9th. BMO Capital Markets lifted their price target on shares of Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Finally, Citigroup lifted their price target on shares of Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a report on Monday, March 16th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Alcoa currently has an average rating of “Hold” and a consensus price target of $67.60.

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.