18,163 Shares in Alcoa Co. (NYSE:AA) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in shares of Alcoa Co. (NYSE:AA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,163 shares of the industrial products company’s stock, valued at approximately $686,000.

Other large investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in shares of Alcoa by 41.6% in the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock worth $12,107,000 after acquiring an additional 92,201 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alcoa by 6.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 628,116 shares of the industrial products company’s stock worth $24,233,000 after purchasing an additional 36,869 shares during the period. Mountaineer Partners Management LLC grew its holdings in Alcoa by 4,023.0% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after buying an additional 10,534,036 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Alcoa by 42.0% during the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after purchasing an additional 1,239,479 shares in the last quarter. Finally, Impala Asset Management LLC bought a new stake in shares of Alcoa in the third quarter worth about $6,366,000. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley dropped their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. B. Riley upgraded Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Jefferies Financial Group reduced 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. UBS Group decreased their price target on shares of Alcoa from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets lifted their price objective on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.92.

Alcoa Price Performance

AA stock opened at $30.58 on Monday. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. Alcoa Co. has a 12 month low of $27.12 and a 12 month high of $47.77. The stock has a market cap of $7.92 billion, a PE ratio of -191.15, a P/E/G ratio of 0.19 and a beta of 2.55. The company has a 50-day moving average price of $34.75 and a 200 day moving average price of $38.19.

Alcoa (NYSE:AA) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. Equities research analysts anticipate that Alcoa Co. will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

Alcoa Company Profile

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.