Alcoa (AA) News Today

BMO Capital Markets raised their price target on Alcoa from $42.00 to $45.00 and gave the company a "market perform" rating in a report on Thursday.

Alcoa (NYSE:AA - Get Free Report) issued its earnings results on Wednesday. The industrial products company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.34. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same period in the prior year, the business posted ($1.14) earnings per share. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year.

B. Riley upgraded shares of Alcoa from a "neutral" rating to a "buy" rating and lifted their price target for the company from $41.00 to $50.00 in a report on Thursday.

Alcoa Co. (NYSE:AA) announced a quarterly dividend on Wednesday, October 16th. Investors of record on Tuesday, October 29th will be paid a dividend of 0.10 per share by the industrial products company on Friday, November 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%.

UBS Group increased their price objective on shares of Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday.

Douglas Lane & Associates LLC boosted its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,421,955 shares of the industrial products company's stock af

Contravisory Investment Management Inc. purchased a new position in shares of Alcoa Co. (NYSE:AA - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 199,470 shares of the industrial products company's stoc

SG Americas Securities LLC lowered its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 57.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,264 shares of the industrial products company's stock after

Alcoa (NYSE:AA) will be releasing earnings after the market closes on Wednesday, October 16, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=415854)

The Manufacturers Life Insurance Company reduced its position in shares of Alcoa Co. (NYSE:AA - Free Report) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 259,265 shares of the industrial products compa

Mackenzie Financial Corp purchased a new position in Alcoa Co. (NYSE:AA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,900 shares of the industrial products company's stock, value

Bank of America raised Alcoa from a "neutral" rating to a "buy" rating and increased their target price for the stock from $43.00 to $52.00 in a research report on Tuesday.

Shares of Alcoa Co. (NYSE:AA - Get Free Report) have earned an average recommendation of "Hold" from the eleven research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The a

StockNews.com lowered Alcoa from a "hold" rating to a "sell" rating in a research report on Tuesday.

Senator Investment Group LP purchased a new position in shares of Alcoa Co. (NYSE:AA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 216,452 shares of the industrial products company

Lighthouse Investment Partners LLC purchased a new stake in Alcoa Co. (NYSE:AA - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 55,156 shares of the industrial products company's stock, valued at approximately $2,194,000. Other large

Alcoa Co. (NYSE:AA - Free Report) - Investment analysts at B. Riley issued their Q3 2024 EPS estimates for Alcoa in a research report issued to clients and investors on Tuesday, September 24th. B. Riley analyst L. Pipes anticipates that the industrial products company will post earnings per share

Alcoa Co. (NYSE:AA - Free Report) - Analysts at B. Riley boosted their FY2025 earnings estimates for Alcoa in a research note issued to investors on Tuesday, September 24th. B. Riley analyst L. Pipes now forecasts that the industrial products company will post earnings of $2.14 per share for the

Encompass Capital Advisors LLC cut its stake in Alcoa Co. (NYSE:AA - Free Report) by 54.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 960,000 shares of the industrial products company's stock after selling 1,126,878 sha

JPMorgan Chase & Co. assumed coverage on Alcoa in a report on Wednesday. They issued a "neutral" rating and a $36.00 price objective on the stock.

Canada Pension Plan Investment Board boosted its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 130.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,319 shares of the industrial product

Masters Capital Management LLC trimmed its holdings in shares of Alcoa Co. (NYSE:AA - Free Report) by 50.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 945,000 shares of the industrial products company's stock

Lombard Odier Asset Management Europe Ltd boosted its position in Alcoa Co. (NYSE:AA - Free Report) by 371.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,673 shares of the industr