Alcoa
AA

$33.43

1.64%

Market Cap: 6B

About: Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is a bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.

Employees: 13,600

Materials Primary Production of Aluminum

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 12 analysts

0

News positive %

of 28 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

20% more funds holding in top 10

Funds holding in top 10: 5 [Q4 2023] → 6 (+1) [Q1 2024]

11% more repeat investments, than reductions

Existing positions increased: 146 | Existing positions reduced: 131

1% less capital invested

Capital invested by funds: $5.02B [Q4 2023] → $4.97B (-$55.5M) [Q1 2024]

1.05% less ownership

Funds ownership: 82.8% [Q4 2023] → 81.75% (-1.05%) [Q1 2024]

4% less funds holding

Funds holding: 441 [Q4 2023] → 425 (-16) [Q1 2024]

22% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 74

24% less call options, than puts

Call options by funds: $453M | Put options by funds: $597M

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Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$31

7%

downside

Avg. target

$41

24%

upside

High target

$50

50%

upside

12 analyst ratings

4 positive

33%

7 neutral

58%

1 negative

8%

Morgan Stanley Carlos De Alba	44%upside $48	Overweight Maintained	22 Jul 2024
B of A Securities Lawson Winder	29%upside $43	Neutral Maintained	18 Jul 2024
B. Riley Securities Lucas Pipes	29%upside $43	Neutral Maintained	18 Jul 2024
B of A Securities Lawson Winder	38%upside $46	Neutral Maintained	26 Jun 2024
Morgan Stanley Carlos De Alba	50%upside $50	Overweight Upgraded	21 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 28 articles about AA published over the past 30 days

Zacks Investment Research

Down -8.54% in 4 Weeks, Here's Why You Should You Buy the Dip in Alcoa (AA)

The heavy selling pressure might have exhausted for Alcoa (AA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -8.54% in 4 Weeks, Here's Why You Should You Buy the Dip in Alcoa (AA)

Zacks Investment Research

4 Solid Stocks to Buy as Industrial Production Rebounds

Stocks like Alcoa Corporation (AA), Apogee Enterprises, Inc. (APOG), Brady Corporation (BRC) and Cintas Corporation (CTAS) are likely to gain from the steady growth in manufacturing output.

4 Solid Stocks to Buy as Industrial Production Rebounds

Zacks Investment Research

Don't Overlook These 2 Top-Rated Stocks After Earnings

Quite a few stocks stand out after exceeding Q2 earnings expectations this week with several sporting a Zacks Rank #2 (Buy) following their favorable quarterly reports.

Don't Overlook These 2 Top-Rated Stocks After Earnings

Alcoa's Profitability Program Reaping Results - Analyst Sees Tailwinds From Lagged Alumina Pricing

B Riley Securities analyst Lucas Pipes maintains Alcoa Corporation AA with a Neutral rating, raising the price target from $39 to $43.

Alcoa's Profitability Program Reaping Results - Analyst Sees Tailwinds From Lagged Alumina Pricing

CNBC International TV

Alcoa CEO discusses earnings, possible Trump presidency and Alumina acquisition

William Oplinger, CEO of Alcoa, sees "some strength" in demand from China and says that the second quarter for the market was "pretty positive".

Alcoa CEO discusses earnings, possible Trump presidency and Alumina acquisition

Alcoa Corporation (AA) Q2 2024 Earnings Call Transcript

Alcoa Corporation (NYSE:AA ) Q2 2024 Earnings Conference Call July 17, 2024 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations & Pension Investments William Oplinger - President & Chief Executive Officer Molly Beerman - Executive Vice President & Chief Financial Officer Conference Call Participants Carlos De Alba - Morgan Stanley Katja Jancic - BMO Capital Markets Michael Dudas - Vertical Research John Tumazos - John Tumazos Very Independent Research Timna Tanners - Wolfe Research Alex Hacking - Citi Lucas Pipes - B. Riley Operator Good afternoon, and welcome to the Alcoa Corporation Second Quarter 2024 Earnings Presentation and Conference Call.

Alcoa Corporation (AA) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Alcoa (AA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Alcoa (AA) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alcoa (AA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Alcoa (AA) Q2 Earnings Top Estimates

Alcoa (AA) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.35 per share a year ago.

Alcoa (AA) Q2 Earnings Top Estimates

Alcoa Corporation Reports Second Quarter 2024 Results

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today reported results for the second quarter 2024 consistent with the Company's previously announced preliminary results that reflect sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices, along with continued progress on profitability improvement programs. Financial Results and Highlights M, except per share amounts 2Q24 1Q24 2Q23 Revenue.

Alcoa Corporation Reports Second Quarter 2024 Results

Zacks Investment Research

Housing Starts Increased More Than Expected

Pre-market futures are down this morning. This does not appear to be as a result of any releases ahead of the open, but as sort of a mass realization that markets have climbed historically high over the past few weeks — even the Dow hit an all-time closing high yesterday — and another round of profit-taking seems to be in order.

Housing Starts Increased More Than Expected

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