Alcoa Inc. (NYSE:AA)’s share price dropped 2.5% during mid-day trading on Friday . The stock traded as low as $10.14 and last traded at $10.16, with a volume of 6,553,514 shares traded. The stock had previously closed at $10.42.

AA has been the topic of several research analyst reports. Vetr cut Alcoa from a “strong-buy” rating to a “buy” rating and set a $11.27 price objective on the stock. in a research note on Tuesday, April 19th. Credit Suisse Group AG restated a “buy” rating on shares of Alcoa in a research note on Tuesday, July 12th. Berenberg Bank restated a “hold” rating and set a $9.00 price objective on shares of Alcoa in a research note on Thursday, June 30th. Bank of America Corp. restated a “buy” rating on shares of Alcoa in a research note on Friday, June 17th. Finally, Rosenblatt Securities restated a “buy” rating and set a $15.00 price objective on shares of Alcoa in a research note on Friday, July 15th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $11.31.

The company’s market cap is $13.38 billion. The firm has a 50-day moving average price of $10.20 and a 200 day moving average price of $9.54.

Alcoa (NYSE:AA) last released its quarterly earnings data on Monday, July 11th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. During the same period in the previous year, the company earned $0.19 EPS. The company earned $5.30 billion during the quarter. The company’s revenue was down 10.2% compared to the same quarter last year. Equities analysts expect that Alcoa Inc. will post $0.44 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Friday, August 5th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.18%.

In other Alcoa news, Director Ulrich Schmidt purchased 5,000 shares of the stock in a transaction on Wednesday, July 20th. The stock was bought at an average cost of $10.40 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $104,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Several large investors have made changes to their positions in AA. Jennison Associates LLC increased its stake in shares of Alcoa by 215.2% in the fourth quarter. Jennison Associates LLC now owns 115,054 shares of the company’s stock valued at $1,136,000 after buying an additional 78,549 shares during the period. Advantus Capital Management Inc increased its stake in shares of Alcoa by 2.0% in the fourth quarter. Advantus Capital Management Inc now owns 125,276 shares of the company’s stock valued at $1,236,000 after buying an additional 2,445 shares during the period. Suntrust Banks Inc. increased its stake in shares of Alcoa by 28.1% in the fourth quarter. Suntrust Banks Inc. now owns 136,749 shares of the company’s stock valued at $1,348,000 after buying an additional 29,982 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Alcoa by 1.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 146,165 shares of the company’s stock valued at $1,443,000 after buying an additional 1,435 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Alcoa by 5.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 173,371 shares of the company’s stock valued at $1,711,000 after buying an additional 8,755 shares during the period.

Alcoa Inc is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.