Brendel Financial Advisors LLC Makes New Investment in Alcoa $AA

Key Points

• Brendel Financial Advisors purchased 64,294 shares of Alcoa (NYSE:AA) in Q4 valued at about $3.42 million, representing roughly 1.7% of its portfolio and the firm's 28th largest holding.
• Alcoa’s subsidiary plans to redeem all $219 million of its 6.125% notes due 2028 on May 15, 2026, a move management says will improve balance-sheet flexibility by removing higher-coupon debt and simplifying maturities.
• Analyst sentiment has trended more positive with several price-target raises (e.g., B. Riley to $96 and UBS to $70) and a Morgan Stanley upgrade to overweight, though the MarketBeat consensus remains a Hold with a $61.73 target price.

Brendel Financial Advisors LLC purchased a new stake in Alcoa (NYSE:AA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 64,294 shares of the industrial products company's stock, valued at approximately $3,417,000. Alcoa comprises approximately 1.7% of Brendel Financial Advisors LLC's portfolio, making the stock its 28th biggest holding.

Several other institutional investors also recently modified their holdings of the company. Prime Capital Investment Advisors LLC raised its holdings in shares of Alcoa by 1.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 10,682 shares of the industrial products company's stock valued at $568,000 after purchasing an additional 204 shares during the period. CoreCap Advisors LLC grew its holdings in Alcoa by 74.1% during the fourth quarter. CoreCap Advisors LLC now owns 557 shares of the industrial products company's stock worth $30,000 after purchasing an additional 237 shares during the period. Quadrant Capital Group LLC increased its position 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 worth $740,000 after buying an additional 324 shares during the last quarter. Lesa Sroufe & Co increased its position in Alcoa by 0.5% during the third quarter. Lesa Sroufe & Co now owns 75,504 shares of the industrial products company's stock worth $2,483,000 after buying an additional 349 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Alcoa by 3.2% in the third quarter. Nisa Investment Advisors LLC now owns 11,581 shares of the industrial products company's stock valued at $381,000 after buying an additional 362 shares during the period.

Key Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Alcoa’s subsidiary set a plan to redeem all $219 million of its 6.125% notes due 2028 on May 15, 2026; management says the move enhances balance-sheet flexibility by taking higher-coupon paper off the books and simplifying maturity profile. Alcoa redemption press release
• Positive Sentiment: Multiple reports picked up the redemption announcement (wider distribution increases visibility and reduces information asymmetry for investors). Yahoo summary
• Positive Sentiment: Alcoa was featured by Jim Cramer as one of his “Iran war” trade ideas — such media endorsements can attract retail flows and short-term momentum. Cramer coverage
• Positive Sentiment: Zacks placed AA on Rank #1 (Strong Buy) lists for both value and momentum on April 13, which may prompt interest from quant/value-focused funds and retail investors following Zacks screens. Zacks value list
• Neutral Sentiment: Zacks published a piece on analyst projections and key metrics ahead of Alcoa’s Q1 results — useful for modeling expectations but not new company-directed news. Zacks analytical preview

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on Alcoa from $48.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, March 12th. B. Riley Financial increased their price target on Alcoa from $78.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their price target on Alcoa from $68.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, April 9th. BMO Capital Markets lifted their price objective on shares of Alcoa from $65.00 to $75.00 and gave the stock a "market perform" rating in a research report on Thursday, April 9th. Finally, Morgan Stanley upgraded shares of Alcoa from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $64.00 to $80.00 in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Alcoa currently has a consensus rating of "Hold" and a consensus target price of $61.73.

Alcoa Trading Down 2.0%

Shares of NYSE:AA opened at $71.85 on Wednesday. Alcoa has a 12-month low of $22.68 and a 12-month high of $75.70. The business has a 50 day moving average of $63.36 and a 200-day moving average of $52.23. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The stock has a market cap of $18.96 billion, a PE ratio of 16.26 and a beta of 1.70.

Alcoa (NYSE:AA - Get Free Report) last posted its earnings results on Thursday, January 22nd. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.95 by $0.31. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $3.28 billion. Alcoa had a return on equity of 16.19% and a net margin of 9.12%.The firm's revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, equities research analysts forecast that Alcoa will post 4.43 earnings per share for the current year.

Alcoa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.40 annualized dividend and a yield of 0.6%. Alcoa's dividend payout ratio (DPR) is presently 9.05%.

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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