Alcoa Target of Unusually High Options Trading (NYSE:AA)

Alcoa (NYSE:AA) was the target of some unusual options trading activity on Friday. Stock traders acquired 31,983 call options on the company. This is an increase of approximately 68% compared to the average daily volume of 19,062 call options.

Trending Headlines about 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 equities research analysts have commented on the stock. B. Riley Financial cut their price target on shares of Alcoa from $92.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. BMO Capital Markets lowered their target price on Alcoa from $60.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday. UBS Group dropped their target price on Alcoa from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Morgan Stanley reissued an “equal weight” rating and set a $53.00 price target (down from $79.00) on shares of Alcoa in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada set a $70.00 price target on Alcoa in a research report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.73.

Hedge Funds Weigh In On Alcoa

A number of institutional investors have recently bought and sold shares of AA. Basepoint Wealth LLC acquired a new stake in shares of Alcoa in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new position in shares of Alcoa during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. increased its holdings in shares of Alcoa by 52,500.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 526 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 525 shares during the last quarter. CoreCap Advisors LLC raised its stake in Alcoa by 74.1% in the 4th 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 during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in Alcoa by 5,281.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 581 shares during the period.

Alcoa Stock Performance

NYSE AA opened at $43.84 on Friday. The firm has a market capitalization of $11.57 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. The company has a current ratio of 1.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $61.70 and its two-hundred day moving average price is $62.46. Alcoa has a 1 year low of $28.11 and a 1 year high of $84.38.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Thursday, July 16th. The industrial products company reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.13). The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. Alcoa had a net margin of 9.48% and a return on equity of 19.57%. During the same period last year, the business earned $0.39 EPS. As a group, research analysts anticipate that Alcoa will post 6.79 EPS for the current year.

Alcoa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 19th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, May 19th. Alcoa’s dividend payout ratio (DPR) is 10.13%.

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.