D.A. Davidson & CO. Has $3.60 Million Stake in Alcoa $AA

Key Points

• D.A. Davidson & Co. increased its Alcoa stake by 268.9% in the first quarter, ending with 54,282 shares valued at about $3.6 million.
• Alcoa’s latest earnings report missed analyst expectations, with Q2 EPS of $2.12 versus the $2.25 consensus, even as revenue came in close at $3.97 billion.
• The company also cut 2026 alumina production guidance due to refinery issues, while analysts remain split overall with a consensus Hold rating and average price target of $62.73.

D.A. Davidson & CO. grew its position in Alcoa (NYSE:AA - Free Report) by 268.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,282 shares of the industrial products company's stock after purchasing an additional 39,566 shares during the quarter. D.A. Davidson & CO.'s holdings in Alcoa were worth $3,601,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in Alcoa by 1,098.0% during the first quarter. NewEdge Advisors LLC now owns 11,704 shares of the industrial products company's stock valued at $357,000 after acquiring an additional 10,727 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alcoa by 0.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,609 shares of the industrial products company's stock worth $19,722,000 after acquiring an additional 4,624 shares in the last quarter. Invesco Ltd. raised its position in shares of Alcoa by 1.9% in the 2nd quarter. Invesco Ltd. now owns 640,528 shares of the industrial products company's stock worth $18,902,000 after acquiring an additional 12,008 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Alcoa by 173.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,040 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 1,295 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Alcoa by 320.1% in the 2nd quarter. First Trust Advisors LP now owns 269,982 shares of the industrial products company's stock valued at $7,967,000 after purchasing an additional 205,717 shares during the period.

Alcoa Price Performance

Shares of NYSE AA opened at $43.84 on Monday. The firm has a market capitalization of $11.57 billion, a P/E ratio of 9.02, a P/E/G ratio of 0.48 and a beta of 1.63. The firm's 50-day moving average price is $61.70 and its 200-day moving average price is $62.52. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30. Alcoa has a 1-year low of $28.11 and a 1-year high of $84.38.

Alcoa (NYSE:AA - Get Free Report) last issued its earnings results on Thursday, July 16th. The industrial products company reported $2.12 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.13). Alcoa had a net margin of 9.48% and a return on equity of 18.90%. The firm had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities research analysts anticipate that Alcoa will post 6.79 earnings per share for the current fiscal year.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, May 19th. Alcoa's dividend payout ratio (DPR) is 8.23%.

Key Stories Impacting Alcoa

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Alcoa reported record quarterly revenue and highlighted strong operational performance, including progress on smelter restarts and improved aluminum EBITDA. Article Title
• Positive Sentiment: Management outlined about $900 million in net present value synergies tied to the South32 asset deal, supporting its longer-term growth strategy. Article Title
• Positive Sentiment: Unusually heavy call-option buying suggests some traders are positioning for a rebound after the post-earnings selloff. Article Title
• Neutral Sentiment: Several analysts trimmed price targets, but JPMorgan and Wells Fargo both kept ratings that were not outright bearish, signaling a wait-and-see stance rather than a major downgrade cycle.
• Negative Sentiment: Alcoa missed Q2 earnings estimates, reporting $2.12 per share versus the $2.25 consensus, which disappointed investors despite better year-over-year results. Article Title
• Negative Sentiment: The company lowered 2026 alumina production guidance by 200,000 to 300,000 metric tons due to Pinjarra refinery issues, raising concerns about near-term earnings pressure. Article Title

Wall Street Analysts Forecast Growth

Several research firms recently commented on AA. Royal Bank Of Canada set a $70.00 target price on Alcoa in a research note on Wednesday, July 1st. Zacks Research lowered Alcoa from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. B. Riley Financial dropped their price target on Alcoa from $92.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, July 7th. Bank of America cut their price target on Alcoa from $57.00 to $51.00 and set an "underperform" rating on the stock in a report on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $62.73.

Alcoa Company 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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