Baron Wealth Management LLC Purchases New Holdings in Alcoa $AA

Baron Wealth Management LLC acquired a new position in Alcoa (NYSE:AA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,908 shares of the industrial products company’s stock, valued at approximately $473,000.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Alcoa in the third quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in Alcoa in the third quarter valued at about $29,000. CoreCap Advisors LLC boosted its holdings 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 buying an additional 237 shares during the last quarter. Orion Capital Management LLC bought a new position in Alcoa during the third quarter worth about $33,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Alcoa during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 82.39% of the company’s stock.

Alcoa Price Performance

NYSE AA opened at $58.36 on Friday. The firm’s 50 day moving average is $60.87 and its 200-day moving average is $48.86. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $15.40 billion, a PE ratio of 13.20 and a beta of 1.85. Alcoa has a 12-month low of $21.53 and a 12-month high of $68.40.

Alcoa (NYSE:AA) last announced its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.95 by $0.31. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Alcoa had a net margin of 9.12% and a return on equity of 16.19%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. Equities research analysts anticipate that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

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

Analyst Upgrades and Downgrades

AA has been the subject of a number of recent analyst reports. Citigroup upped their price target on Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Morgan Stanley reissued an “overweight” rating and set a $52.00 price objective on shares of Alcoa in a research note on Monday, December 15th. Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a report on Monday, December 29th. B. Riley Financial reaffirmed a “buy” rating on shares of Alcoa in a research note on Friday, January 23rd. Finally, UBS Group increased their target price on shares of Alcoa from $48.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.