181,296 Shares in Alcoa $AA Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC purchased a new position in Alcoa (NYSE:AA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 181,296 shares of the industrial products company’s stock, valued at approximately $9,634,000. Brandywine Global Investment Management LLC owned about 0.07% of Alcoa as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its stake in Alcoa by 278.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 113,961 shares of the industrial products company’s stock valued at $6,056,000 after acquiring an additional 83,858 shares during the period. CenterBook Partners LP bought a new stake in shares of Alcoa in the fourth quarter worth approximately $391,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Alcoa during the fourth quarter valued at approximately $478,000. Havemeyer Place LP purchased a new position in shares of Alcoa during the fourth quarter valued at approximately $704,000. Finally, WINTON GROUP Ltd bought a new position in Alcoa during the fourth quarter valued at approximately $675,000.

Alcoa Stock Down 1.3%

Alcoa stock opened at $72.48 on Wednesday. The stock has a market cap of $19.13 billion, a PE ratio of 18.35 and a beta of 1.56. 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 has a one year low of $27.72 and a one year high of $84.38. The stock has a fifty day moving average of $69.39 and a 200 day moving average of $60.84.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. As a group, sell-side analysts predict that Alcoa will post 7.95 EPS for the current year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Alcoa’s payout ratio is currently 10.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AA. Wells Fargo & Company set a $68.00 target price on shares of Alcoa in a report on Thursday, March 12th. Zacks Research cut shares of Alcoa from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Citigroup increased their price target on Alcoa from $54.00 to $76.00 and gave the company a “buy” rating in a report on Monday, March 16th. BMO Capital Markets lifted their price objective on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Finally, Morgan Stanley upgraded Alcoa from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $64.00 to $80.00 in a research report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alcoa presently has an average rating of “Hold” and a consensus target price of $68.60.

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.