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

Gryphon Financial Partners LLC increased its position in shares of Alcoa Co. (NYSE:AA) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,834 shares of the industrial products company’s stock after acquiring an additional 616 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Alcoa were worth $296,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Mountaineer Partners Management LLC boosted its stake in Alcoa by 4,023.0% in the third 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 during the last quarter. State Street Corp increased its holdings in Alcoa by 23.3% during the 3rd 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 in the last quarter. Paloma Partners Management Co raised its stake in shares of 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 valued at $55,084,000 after purchasing an additional 1,415,294 shares during the period. Geode Capital Management LLC boosted its holdings 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, Global Alpha Capital Management Ltd. acquired a new stake in shares of Alcoa in the 3rd quarter valued at approximately $36,165,000. Institutional investors own 82.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AA. Bank of America boosted their price objective on Alcoa to $58.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Morgan Stanley reduced their price target on Alcoa from $55.00 to $51.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group dropped their price objective on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, BMO Capital Markets lifted their price objective on shares of Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.55.

Alcoa Stock Performance

NYSE:AA opened at $31.33 on Tuesday. The company has a market capitalization of $8.11 billion, a PE ratio of -195.81, a P/E/G ratio of 0.19 and a beta of 2.43. Alcoa Co. has a fifty-two week low of $26.57 and a fifty-two week high of $47.77. 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 company has a 50 day simple moving average of $36.41 and a two-hundred day simple moving average of $38.02.

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

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, March 4th. Alcoa’s dividend payout ratio (DPR) is currently -250.00%.

About Alcoa

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.