Mackenzie Financial Corp Has $57.03 Million Holdings in Alcoa $AA

Mackenzie Financial Corp lifted its position in Alcoa (NYSE:AA) by 10.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,733,900 shares of the industrial products company’s stock after acquiring an additional 164,542 shares during the quarter. Mackenzie Financial Corp owned approximately 0.67% of Alcoa worth $57,028,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AA. Root Financial Partners LLC purchased a new position in Alcoa during the 3rd quarter worth approximately $29,000. Horrell Capital Management Inc. purchased a new stake in shares of Alcoa in the second quarter valued at $30,000. Orion Capital Management LLC purchased a new stake in shares of Alcoa in the third quarter valued at $33,000. Westfuller Advisors LLC acquired a new stake in shares of Alcoa in the third quarter worth $35,000. Finally, Huntington National Bank boosted its position in shares of Alcoa by 167.9% in the third quarter. Huntington National Bank now owns 1,259 shares of the industrial products company’s stock worth $41,000 after buying an additional 789 shares during the period.

More Alcoa News

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: UBS raised its price target on AA from $48 to $70, signaling higher valuation potential even though the firm kept a neutral rating; this upward revision supports upside interest. Benzinga
• Positive Sentiment: Analysts and market commentary point to a stronger production outlook and rising aluminum prices tied to Middle East energy risks, with several pieces pushing price targets into the high-$60s — a direct commodity-driven catalyst for Alcoa. Alcoa Price Prediction: Middle East Energy Outlook Pushes AA to $68
• Positive Sentiment: Geopolitical tensions (U.S.–Iran) are cited as lifting aluminum prices and investor interest in supply-sensitive names like AA — a near-term tailwind if prices stay elevated. Barchart
• Positive Sentiment: Company-level activity: coverage highlights Alcoa’s efforts to strike deals with the data-center industry and sell certain industrial sites — moves that could reallocate capital and improve margins/returns over time. Yahoo Finance
• Neutral Sentiment: Market commentary notes AA is trading near its 52‑week high after a ~97% six‑month surge; that momentum is bullish but raises valuation/mean-reversion risk. Zacks
• Neutral Sentiment: Macro notes: commentary on CPI and broader inflation prints suggests mixed implications for commodities — lower inflation could ease commodity inflation premium, while supply shocks still support prices. InvestorPlace
• Negative Sentiment: Despite price-target increases, several brokers remain cautious overall; consensus hesitation and profit‑taking after a large run-up can cap near-term gains. 24/7 Wall St.

Alcoa Stock Performance

Shares of AA opened at $65.93 on Friday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 14.92 and a beta of 1.85. The company’s fifty day moving average is $61.39 and its 200-day moving average is $46.56. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. Alcoa has a 12 month low of $21.53 and a 12 month high of $68.40.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Thursday, January 22nd. The industrial products company reported $1.26 earnings per share (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 firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the prior year, the company posted $1.04 earnings per share. Alcoa’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts expect that Alcoa will post 4.43 EPS for the current fiscal year.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 10th. Alcoa’s dividend payout ratio is 9.05%.

Wall Street Analyst Weigh In

AA has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $50.00 price target (up from $45.00) on shares of Alcoa in a research report on Thursday, January 8th. Morgan Stanley restated an “overweight” rating and set a $52.00 price objective on shares of Alcoa in a research report on Monday, December 15th. Wells Fargo & Company set a $68.00 target price on Alcoa in a research note on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Alcoa in a report on Monday, December 29th. Finally, Citigroup raised their price target on shares of Alcoa from $42.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.82.

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.