Alcoa
About: Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and the eighth-largest aluminum producer. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024, meaning refining assets are now predominantly wholly owned, as with smelting.
Employees: 230
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 151
5.53% more ownership
Funds ownership: 66.22% [Q1] → 71.75% (+5.53%) [Q2]
5% more capital invested
Capital invested by funds: $5.22B [Q1] → $5.48B (+$263M) [Q2]
8% less funds holding
Funds holding: 505 [Q1] → 465 (-40) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
20% less call options, than puts
Call options by funds: $319M | Put options by funds: $400M
31% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 101
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
B. Riley Securities
Nick Giles
|
$38
|
Buy
Maintained
|
9 Sep 2025 |
Morgan Stanley
Carlos De Alba
|
$38
|
Overweight
Maintained
|
18 Jul 2025 |
JP Morgan
Bill Peterson
|
$27
|
Neutral
Maintained
|
17 Jul 2025 |
B of A Securities
Lawson Winder
|
$27
|
Underperform
Maintained
|
17 Jul 2025 |
B. Riley Securities
Lucas Pipes
|
$37
|
Buy
Maintained
|
15 Jul 2025 |
Citigroup
Alexander Hacking
|
$42
|
Buy
Reinstated
|
8 Jul 2025 |
Financial journalist opinion
Based on 8 articles about AA published over the past 30 days