Allspring Global Investments Holdings LLC Acquires New Holdings in Alcoa $AA

Key Points

• Allspring Global Investments Holdings LLC bought a new stake of 21,027 shares of Alcoa (NYSE:AA) in Q4, valued at about $1.19 million, and institutional investors now own roughly 82.39% of the company.
• Analyst sentiment has turned mixed-to-positive—several firms (Citigroup, Morgan Stanley, BMO, B. Riley) have raised ratings or targets recently, but MarketBeat's consensus remains a Hold with a $61.73 price target.
• Alcoa beat quarterly EPS estimates ($1.26 vs. $0.95), its stock sits near its one-year high (~$75.70) with a market cap of about $19.3 billion and a PE of ~16.6, and it pays a small quarterly dividend (annualized yield ~0.5%).

Allspring Global Investments Holdings LLC acquired a new stake in shares of Alcoa (NYSE:AA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,027 shares of the industrial products company's stock, valued at approximately $1,189,000.

Several other hedge funds also recently bought and sold shares of the company. CoreCap Advisors LLC grew its stake in Alcoa by 74.1% during the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 237 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Alcoa by 1.5% during the third quarter. Quadrant Capital Group LLC now owns 22,497 shares of the industrial products company's stock valued at $740,000 after acquiring an additional 324 shares in the last quarter. Lesa Sroufe & Co grew its stake in Alcoa by 0.5% during the third quarter. Lesa Sroufe & Co now owns 75,504 shares of the industrial products company's stock valued at $2,483,000 after acquiring an additional 349 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Alcoa by 3.2% during the third quarter. Nisa Investment Advisors LLC now owns 11,581 shares of the industrial products company's stock valued at $381,000 after acquiring an additional 362 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Alcoa by 4.0% during the second quarter. Captrust Financial Advisors now owns 11,617 shares of the industrial products company's stock valued at $343,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 82.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AA shares. Wall Street Zen raised shares of Alcoa from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Alcoa in a research note on Monday, December 29th. Wells Fargo & Company set a $68.00 price objective on shares of Alcoa in a research note on Thursday, March 12th. Citigroup boosted their price objective on shares of Alcoa from $54.00 to $76.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Finally, BMO Capital Markets boosted their price objective on shares of Alcoa from $65.00 to $75.00 and gave the company a "market perform" rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Alcoa presently has a consensus rating of "Hold" and a consensus price target of $61.73.

Alcoa Price Performance

AA stock opened at $73.26 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 0.87. Alcoa has a one year low of $22.48 and a one year high of $75.70. The stock has a market cap of $19.33 billion, a PE ratio of 16.57 and a beta of 1.70. The firm has a 50 day simple moving average of $62.53 and a two-hundred day simple moving average of $51.10.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The industrial products company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.31. Alcoa had a net margin of 9.12% and a return on equity of 16.19%. The business had revenue of $6.75 billion during the quarter, compared to analysts' expectations of $3.28 billion. During the same quarter in the previous year, the company earned $1.04 EPS. The business's quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Alcoa's payout ratio is currently 9.05%.

Key Stories Impacting Alcoa

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Morgan Stanley upgraded AA from "equal weight" to "overweight" and raised its price target to $80, citing higher aluminum prices and improved operating leverage as drivers of earnings upside. Article Title
• Positive Sentiment: BMO Capital Markets raised its target to $75 (market perform), signaling more upside from here and adding institutional support to the rally. Article Title
• Positive Sentiment: B. Riley initiated/maintained a bullish view (buy) and B. Riley Financial forecasts strong price appreciation — another concrete analyst endorsement likely supporting demand for the shares. Article Title
• Positive Sentiment: Sector momentum: aluminum stocks are breaking out amid heightened geopolitical risk (Iran-related) that’s lifting aluminum prices — a clear tailwind for Alcoa’s pricing and margins, especially given its operating leverage. Alcoa is also approaching an earnings release, which could reinforce the rally if results beat. Article Title
• Positive Sentiment: Notable investor interest: Alcoa appears on billionaire Stan Druckenmiller’s small/mid-cap watchlists, which can attract attention from other funds and traders. Article Title
• Neutral Sentiment: Broad analyst momentum: multiple outlets highlighted a batch of upgrades for Alcoa today, reinforcing positive sentiment but also reflecting consensus-driven flows rather than new company-specific fundamentals. Article Title
• Negative Sentiment: Some caution remains: JPMorgan raised its target to $70 but kept a "neutral" rating — that target implies a modest downside from current levels, suggesting not all analysts see sustained upside and highlighting valuation/earnings execution risk ahead of results. Article Title

Alcoa Profile

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.

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