Jackson Creek Investment Advisors LLC Invests $1.63 Million in Alcoa $AA

Jackson Creek Investment Advisors LLC bought a new position in Alcoa (NYSE:AA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,580 shares of the industrial products company’s stock, valued at approximately $1,625,000.

Several other large investors have also recently bought and sold shares of the company. Mirabella Financial Services LLP lifted its holdings in Alcoa by 12,233.1% during the 3rd quarter. Mirabella Financial Services LLP now owns 40,082,462 shares of the industrial products company’s stock worth $1,318,312,000 after buying an additional 39,757,462 shares in the last quarter. State Street Corp lifted its stake in shares of Alcoa by 6.7% in the 3rd quarter. State Street Corp now owns 11,458,529 shares of the industrial products company’s stock valued at $376,871,000 after purchasing an additional 721,063 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Alcoa by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,118,560 shares of the industrial products company’s stock valued at $365,710,000 after purchasing an additional 1,322,540 shares during the period. L1 Capital Pty Ltd increased its position in shares of Alcoa by 22.3% in the 3rd quarter. L1 Capital Pty Ltd now owns 5,887,699 shares of the industrial products company’s stock valued at $193,646,000 after buying an additional 1,073,357 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Alcoa by 0.3% in the 3rd quarter. Northern Trust Corp now owns 2,125,572 shares of the industrial products company’s stock valued at $69,910,000 after buying an additional 6,558 shares in the last quarter.

Alcoa Stock Up 4.4%

NYSE AA opened at $74.55 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. Alcoa has a 1-year low of $25.83 and a 1-year high of $75.70. The company has a 50 day moving average of $66.07 and a 200-day moving average of $58.09. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 18.87 and a beta of 1.51.

Alcoa (NYSE:AA) last released its quarterly earnings results on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). Alcoa had a net margin of 8.27% and a return on equity of 12.57%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the firm posted $2.15 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. On average, equities research analysts expect that Alcoa will post 7.95 earnings per share for the current fiscal year.

Alcoa Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, May 19th. Alcoa’s payout ratio is presently 10.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company set a $68.00 price objective on shares of Alcoa in a research report on Thursday, March 12th. Morgan Stanley upgraded Alcoa from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $64.00 to $80.00 in a report on Thursday, April 9th. Weiss Ratings upgraded Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Wall Street Zen cut Alcoa from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets raised their target price on shares of Alcoa from $65.00 to $75.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.60.

Alcoa 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.