New Age Alpha Advisors LLC Sells 81,100 Shares of Alcoa $AA

New Age Alpha Advisors LLC trimmed its position in shares of Alcoa (NYSE:AA) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,783 shares of the industrial products company’s stock after selling 81,100 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Alcoa were worth $7,587,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Raleigh Capital Management Inc. boosted its position in Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 525 shares in the last quarter. CoreCap Advisors LLC boosted its position in Alcoa by 74.1% during the 4th quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 237 shares in the last quarter. Hilltop National Bank bought a new stake in Alcoa during the 4th quarter valued at approximately $40,000. True Wealth Design LLC boosted its position in Alcoa by 2,281.3% during the 4th quarter. True Wealth Design LLC now owns 762 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 730 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Alcoa during the 3rd quarter valued at approximately $27,000.

Analyst Ratings Changes

AA has been the topic of several research reports. Zacks Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. B. Riley Financial lifted their target price on shares of Alcoa from $78.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Argus set a $73.00 target price on shares of Alcoa in a report on Monday, April 27th. Wall Street Zen lowered shares of Alcoa from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup lifted their target price on shares of Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Alcoa presently has an average rating of “Hold” and an average target price of $68.60.

Alcoa Price Performance

AA stock opened at $71.43 on Monday. The firm has a 50 day moving average price of $65.74 and a 200-day moving average price of $57.57. Alcoa has a 52-week low of $25.83 and a 52-week high of $75.70. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 18.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.48.

Alcoa (NYSE:AA) last released its earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.20). Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted $2.15 earnings per share. Alcoa’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts forecast that Alcoa will post 7.95 EPS for the current fiscal year.

Alcoa Dividend Announcement

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

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.