Oak Thistle LLC Buys New Position in Alcoa $AA

Oak Thistle LLC purchased a new position in shares of Alcoa (NYSE:AA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,475 shares of the industrial products company’s stock, valued at approximately $504,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AA. Advisory Services Network LLC purchased a new position in Alcoa during the 3rd quarter worth $27,000. Raleigh Capital Management Inc. raised its holdings in shares of Alcoa by 52,500.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 525 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Alcoa during the third quarter valued at about $29,000. CoreCap Advisors LLC lifted its position in shares of Alcoa by 74.1% during the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 237 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in Alcoa during the third quarter worth about $33,000.

Alcoa Price Performance

Shares of NYSE AA opened at $73.02 on Friday. The stock has a market cap of $19.27 billion, a PE ratio of 16.52 and a beta of 1.70. Alcoa has a fifty-two week low of $22.68 and a fifty-two week high of $75.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.87 and a current ratio of 1.44. The stock has a fifty day moving average of $62.85 and a 200-day moving average of $51.38.

Alcoa (NYSE:AA) last issued 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. Alcoa had a return on equity of 16.19% and a net margin of 9.12%.The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the company earned $1.04 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.40 annualized dividend and a yield of 0.5%. Alcoa’s payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AA shares. JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $68.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group boosted their target price on Alcoa from $48.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley raised Alcoa from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $64.00 to $80.00 in a report on Thursday. Wells Fargo & Company set a $68.00 price target on Alcoa in a research report on Thursday, March 12th. Finally, BMO Capital Markets lifted their price target on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alcoa currently has an average rating of “Hold” and an average price target of $61.73.

Trending Headlines about Alcoa

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Morgan Stanley upgraded AA from “equal weight” to “overweight” and raised its price target to $80 (from $64), signaling stronger buy-side conviction and giving the stock meaningful upside potential. Read More.
• Positive Sentiment: B. Riley initiated/issued a “buy” view and highlighted upside potential, adding another bullish institutional voice that can attract inflows. Read More.
• Positive Sentiment: BMO Capital Markets raised its price target to $75 (market perform), a modestly bullish signal that implies upside from recent levels. Read More.
• Positive Sentiment: Short interest fell sharply in March (down ~19.5% to ~6.94M shares, short interest ratio ~1.1 days, ~2.6% of float). Fewer outstanding shorts reduces immediate downside pressure and can amplify rallies if positive catalysts emerge.
• Neutral Sentiment: Alcoa sits inside a broader aluminum-sector rally (geopolitical supply concerns such as the Iran situation cited) and is approaching earnings — a mixed catalyst that can swing either way depending on results and guidance. Read More.
• Neutral Sentiment: Billionaire Stan Druckenmiller’s Duquesne Capital has shown intermittent exposure to AA, a signal that may attract attention but is not a direct catalyst. Read More.
• Negative Sentiment: JPMorgan raised its target to $70 but kept a “neutral” rating; that target implies downside vs. current levels, introducing a conservative view from a large house and a potential cap on near-term upside. Read More.

Alcoa Company 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.