Kieckhefer Group LLC Takes Position in Alcoa Co. (NYSE:AA)

Kieckhefer Group LLC purchased a new position in Alcoa Co. (NYSE:AA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the industrial products company’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AA. Wealth Enhancement Advisory Services LLC boosted its stake in Alcoa by 3.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,469 shares of the industrial products company’s stock valued at $365,000 after purchasing an additional 339 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Alcoa by 12.0% during the third quarter. Blue Trust Inc. now owns 3,222 shares of the industrial products company’s stock valued at $128,000 after buying an additional 344 shares during the last quarter. CreativeOne Wealth LLC raised its position in Alcoa by 4.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 9,114 shares of the industrial products company’s stock valued at $352,000 after buying an additional 360 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Alcoa by 1.4% during the 2nd quarter. Pacer Advisors Inc. now owns 26,965 shares of the industrial products company’s stock valued at $1,073,000 after acquiring an additional 368 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Alcoa by 15.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,452 shares of the industrial products company’s stock worth $133,000 after acquiring an additional 459 shares during the last quarter. 82.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. B. Riley upgraded Alcoa from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $41.00 to $50.00 in a research note on Thursday, October 17th. UBS Group lifted their price objective on shares of Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, October 23rd. Finally, B. Riley Financial reissued a “neutral” rating and set a $41.00 price objective on shares of Alcoa in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.45.

Alcoa Price Performance

NYSE AA traded down $0.30 during trading on Monday, reaching $35.61. The company’s stock had a trading volume of 1,303,248 shares, compared to its average volume of 3,887,331. Alcoa Co. has a one year low of $24.86 and a one year high of $47.77. The stock has a market capitalization of $9.20 billion, a PE ratio of -20.23, a P/E/G ratio of 0.79 and a beta of 2.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80. The firm has a fifty day moving average of $41.29 and a 200 day moving average of $37.82.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.34. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.14) EPS. Analysts expect that Alcoa Co. will post 0.9 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th were given a $0.10 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.40 annualized dividend and a yield of 1.12%. Alcoa’s payout ratio is currently -22.73%.

Insider Transactions at Alcoa

In other news, EVP Renato Bacchi sold 23,867 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $42.29, for a total value of $1,009,335.43. Following the completion of the sale, the executive vice president now directly owns 57,317 shares of the company’s stock, valued at approximately $2,423,935.93. This trade represents a 29.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.08% of the company’s stock.

About Alcoa

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.