Vise Technologies Inc. Invests $638,000 in Alcoa $AA

Vise Technologies Inc. purchased a new position in Alcoa (NYSE:AA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,013 shares of the industrial products company’s stock, valued at approximately $638,000.

A number of other institutional investors also recently made changes to their positions in AA. Basepoint Wealth LLC acquired a new position in shares of Alcoa in the fourth quarter worth $25,000. Advisory Services Network LLC acquired a new position in shares of Alcoa in the third 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 worth $28,000 after acquiring an additional 525 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Alcoa by 74.1% in the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 237 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Alcoa by 91.9% in the third quarter. NewEdge Advisors LLC now owns 1,161 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 556 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AA shares. BMO Capital Markets upped their target price on Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. UBS Group upgraded Alcoa from a “neutral” rating to a “buy” rating and upped their target price for the company from $75.00 to $80.00 in a research note on Friday, May 22nd. JPMorgan Chase & Co. upped their target price on Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Zacks Research lowered Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, B. Riley Financial upped their target price on Alcoa from $78.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Alcoa presently has a consensus rating of “Hold” and an average price target of $68.60.

Alcoa Stock Performance

Shares of NYSE:AA opened at $65.70 on Thursday. The firm has a market capitalization of $17.34 billion, a PE ratio of 16.63 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The business has a 50-day moving average of $69.44 and a two-hundred day moving average of $61.05. Alcoa has a 12 month low of $27.72 and a 12 month high of $84.38.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.20). The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The business’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 earnings per share. As a group, research analysts forecast that Alcoa will post 7.95 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.40 annualized dividend and a yield of 0.6%. Alcoa’s dividend payout ratio is currently 10.13%.

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.