Gryphon Financial Partners LLC Has $296,000 Stake in Alcoa Co. (NYSE:AA)

Gryphon Financial Partners LLC grew its stake in shares of Alcoa Co. (NYSE:AA) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,834 shares of the industrial products company’s stock after purchasing an additional 616 shares during the period. Gryphon Financial Partners LLC’s holdings in Alcoa were worth $296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AA. Mountaineer Partners Management LLC boosted 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 worth $416,505,000 after acquiring an additional 10,534,036 shares during the last quarter. State Street Corp boosted its holdings in Alcoa by 23.3% during the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock worth $368,965,000 after purchasing an additional 1,805,915 shares during the last quarter. Paloma Partners Management Co grew its position in Alcoa by 11,317.8% in the 3rd quarter. Paloma Partners Management Co now owns 1,427,799 shares of the industrial products company’s stock worth $55,084,000 after purchasing an additional 1,415,294 shares in the last quarter. Geode Capital Management LLC increased its stake in Alcoa by 42.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after buying an additional 1,239,479 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. purchased a new stake in shares of Alcoa during the third quarter valued at approximately $36,165,000. 82.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AA. JPMorgan Chase & Co. raised their target price on Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Bank of America raised their price target on shares of Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group dropped their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. B. Riley raised Alcoa to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley dropped their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.55.

Alcoa Price Performance

NYSE:AA opened at $31.33 on Tuesday. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -195.81, a P/E/G ratio of 0.19 and a beta of 2.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.45. The stock has a fifty day moving average of $36.41 and a 200 day moving average of $38.02. Alcoa Co. has a 52-week low of $26.57 and a 52-week high of $47.77.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, topping 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%. On average, research analysts expect that Alcoa Co. will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, March 4th. Alcoa’s payout ratio is -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.