Russell Investments Group Ltd. Raises Holdings in Alcoa $AA

Russell Investments Group Ltd. boosted its position in Alcoa (NYSE:AA) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 794,277 shares of the industrial products company’s stock after purchasing an additional 13,387 shares during the quarter. Russell Investments Group Ltd.’s holdings in Alcoa were worth $26,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Alcoa during the third quarter worth $29,000. Horrell Capital Management Inc. acquired a new stake in shares of Alcoa in the second quarter valued at about $30,000. Orion Capital Management LLC purchased a new position in shares of Alcoa in the third quarter worth about $33,000. Westfuller Advisors LLC purchased a new position in shares of Alcoa in the third quarter worth about $35,000. Finally, Huntington National Bank boosted its position in Alcoa by 167.9% during the third quarter. Huntington National Bank now owns 1,259 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 789 shares during the last quarter.

Alcoa Trading Down 0.7%

Shares of NYSE AA opened at $65.93 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $17.39 billion, a PE ratio of 14.92 and a beta of 1.85. Alcoa has a twelve month low of $21.53 and a twelve month high of $68.40. The stock has a fifty day simple moving average of $61.39 and a 200-day simple moving average of $46.56.

Alcoa (NYSE:AA) last posted its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.31. Alcoa had a return on equity of 16.19% and a net margin of 9.12%.The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the company earned $1.04 EPS. Alcoa’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts forecast that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company set a $68.00 price objective on shares of Alcoa in a report on Thursday. Morgan Stanley restated an “overweight” rating and set a $52.00 target price on shares of Alcoa in a report on Monday, December 15th. UBS Group upped their price target on Alcoa from $48.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Research cut Alcoa from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $50.00 price objective (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $46.82.

Key Stories Impacting Alcoa

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: UBS raised its price target on AA from $48 to $70, signaling higher valuation potential even though the firm kept a neutral rating; this upward revision supports upside interest. Benzinga
• Positive Sentiment: Analysts and market commentary point to a stronger production outlook and rising aluminum prices tied to Middle East energy risks, with several pieces pushing price targets into the high-$60s — a direct commodity-driven catalyst for Alcoa. Alcoa Price Prediction: Middle East Energy Outlook Pushes AA to $68
• Positive Sentiment: Geopolitical tensions (U.S.–Iran) are cited as lifting aluminum prices and investor interest in supply-sensitive names like AA — a near-term tailwind if prices stay elevated. Barchart
• Positive Sentiment: Company-level activity: coverage highlights Alcoa’s efforts to strike deals with the data-center industry and sell certain industrial sites — moves that could reallocate capital and improve margins/returns over time. Yahoo Finance
• Neutral Sentiment: Market commentary notes AA is trading near its 52‑week high after a ~97% six‑month surge; that momentum is bullish but raises valuation/mean-reversion risk. Zacks
• Neutral Sentiment: Macro notes: commentary on CPI and broader inflation prints suggests mixed implications for commodities — lower inflation could ease commodity inflation premium, while supply shocks still support prices. InvestorPlace
• Negative Sentiment: Despite price-target increases, several brokers remain cautious overall; consensus hesitation and profit‑taking after a large run-up can cap near-term gains. 24/7 Wall St.

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.