Fox Run Management L.L.C. Buys Shares of 17,928 Alcoa $AA

Fox Run Management L.L.C. purchased a new position in Alcoa (NYSE:AA) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 17,928 shares of the industrial products company’s stock, valued at approximately $590,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its position in Alcoa by 9.8% during the second quarter. State Street Corp now owns 10,737,466 shares of the industrial products company’s stock worth $316,863,000 after acquiring an additional 959,240 shares during the period. L1 Capital Pty Ltd grew its position in Alcoa by 178.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 4,814,342 shares of the industrial products company’s stock worth $142,071,000 after purchasing an additional 3,087,298 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Alcoa by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,637,897 shares of the industrial products company’s stock worth $136,898,000 after purchasing an additional 211,141 shares during the period. Norges Bank acquired a new position in shares of Alcoa during the second quarter valued at about $97,933,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alcoa by 5.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,803,514 shares of the industrial products company’s stock valued at $53,217,000 after buying an additional 88,781 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AA shares. Zacks Research lowered Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Citigroup boosted their price objective on Alcoa from $42.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Weiss Ratings restated a “hold (c)” rating on shares of Alcoa in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Alcoa from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, B. Riley Financial reissued a “buy” rating on shares of Alcoa in a report on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.25.

Alcoa Trading Down 2.3%

Shares of Alcoa stock opened at $62.00 on Friday. Alcoa has a 12-month low of $21.53 and a 12-month high of $66.95. The stock has a market capitalization of $16.06 billion, a P/E ratio of 14.03 and a beta of 1.91. The company has a 50-day simple moving average of $59.78 and a 200 day simple moving average of $44.65. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 0.40.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.31. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Alcoa had a net margin of 9.12% and a return on equity of 16.18%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. Research analysts expect that Alcoa will post 4.43 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Alcoa’s dividend payout ratio (DPR) is currently 9.05%.

More Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Market bullishness from retail/professional outlets highlighting Alcoa as a Brexit/tariff beneficiary and a near-term technical buy candidate — suggests momentum interest and potential new buying interest. Trump Tariff Winner Alcoa, Stock Of The Day, Near Buy Point
• Positive Sentiment: Large-volume purchases of call options indicate some investors are positioning for upside, which can amplify intraday moves and short-term interest in the shares. Investors Purchase Large Volume of Call Options on Alcoa (NYSE:AA)
• Positive Sentiment: Alcoa declared a quarterly dividend ($0.10/share), a small but tangible cash return that may support investor sentiment and income-focused flows. Alcoa dividend declaration
• Positive Sentiment: Coverage and analysis noting easing bearish sentiment and valuation reassessment — could support further re-rating if commodity strength continues or if strategic site/data-center news advances. Assessing Alcoa (AA) Valuation After Data Center Site Plans And Easing Bearish Sentiment
• Neutral Sentiment: BofA raised its price target on AA to $42 (from $38) but maintained an Underperform rating — a technical boost to the target but no change to the analyst’s cautious stance. BofA Adjusts Alcoa (AA) Target Following Updated Metal Price Forecasts
• Negative Sentiment: Alcoa’s holding in Ma’aden creates earnings volatility and exposes the company to share-price swings that could reverse recent mark-to-market gains — a discrete financial risk that can hurt EPS and sentiment. Alcoa’s Ma’aden Stake Adds Earnings Volatility as Share Price Risk Threatens 2025 Mark-to-Market Gains
• Negative Sentiment: Analysts flag rising energy, raw-material and environmental costs in 2025 that are pressuring margins as spending and restarts lift expenses — a headwind to near-term profitability and valuation. Rising Costs & Expenses Pressure Alcoa: What’s the Road Ahead?

About Alcoa

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.