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: 240
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 142
4% more call options, than puts
Call options by funds: $323M | Put options by funds: $310M
9% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 97
2.44% less ownership
Funds ownership: 68.58% [Q4 2024] → 66.14% (-2.44%) [Q1 2025]
4% less funds holding
Funds holding: 523 [Q4 2024] → 504 (-19) [Q1 2025]
22% less capital invested
Capital invested by funds: $6.69B [Q4 2024] → $5.21B (-$1.48B) [Q1 2025]
25% less funds holding in top 10
Funds holding in top 10: 8 [Q4 2024] → 6 (-2) [Q1 2025]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
UBS Daniel Major | 9%upside $31 | Neutral Downgraded | 15 May 2025 |
JP Morgan Bill Peterson | 12%downside $25 | Neutral Maintained | 17 Apr 2025 |
UBS Curt Woodworth | 13%upside $32 | Buy Maintained | 15 Apr 2025 |
Morgan Stanley Carlos De Alba | 38%upside $39 | Overweight Maintained | 9 Apr 2025 |
B of A Securities Lawson Winder | 8%downside $26 | Underperform Downgraded | 8 Apr 2025 |
Financial journalist opinion
Based on 7 articles about AA published over the past 30 days









