Thrivent Financial for Lutherans Trims Holdings in Alcoa Co. (NYSE:AA)

Thrivent Financial for Lutherans lessened its stake in Alcoa Co. (NYSE:AA) by 83.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 208,272 shares of the industrial products company’s stock after selling 1,083,309 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Alcoa worth $7,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AA. Retirement Systems of Alabama raised its stake in Alcoa by 41.6% during the third quarter. Retirement Systems of Alabama now owns 313,822 shares of the industrial products company’s stock valued at $12,107,000 after buying an additional 92,201 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 valued at $24,233,000 after acquiring an additional 36,869 shares during the last quarter. Mountaineer Partners Management LLC raised its position in shares of 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 acquiring an additional 10,534,036 shares in the last quarter. Geode Capital Management LLC lifted its stake in 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 worth $161,838,000 after purchasing an additional 1,239,479 shares during the last quarter. Finally, Impala Asset Management LLC bought a new position in Alcoa during the third quarter worth $6,366,000. Institutional investors own 82.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AA shares. HC Wainwright increased their target price on shares of Alcoa to $90.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Bank of America increased their price objective on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. BMO Capital Markets increased their price target on Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, B. Riley upgraded Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.17.

Alcoa Trading Down 2.6 %

Shares of AA stock opened at $33.95 on Monday. Alcoa Co. has a 1 year low of $27.12 and a 1 year high of $47.77. The firm has a market capitalization of $8.79 billion, a PE ratio of -212.16, a price-to-earnings-growth ratio of 0.19 and a beta of 2.55. The stock has a fifty day moving average of $35.29 and a two-hundred day moving average of $38.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45.

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

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. Alcoa’s dividend payout ratio 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.