Argus Research Rates Alcoa (AA) Hold

On October 22, 2026, Argus Research lowered its rating on Alcoa Corporation (NYSE: AA) to a Hold. According to the research note, the firm adjusted its stance on the aluminum producer as shares closed at $38.64 on the day of the announcement.

AA Alcoa Corporation

$38.79 ▼ -31.04% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Argus Research's Call on Alcoa Corporation

Argus Research lowered its stance to a Hold rating on October 22, 2026. The firm did not announce a specific price target alongside the rating change. The update comes as Wall Street weighs the company's position within the basic materials sector amid shifting market conditions.

Other Institutional Activity in Alcoa Corporation

Large investors adjusted their positions in the aluminum producer prior to the downgrade. Eagle Capital Management reduced its holdings by 2,217,508 shares, ending with 11,879,807 shares worth about $458,857,545.00 in its report dated June 30, 2026. AQR Capital Management, LLC also trimmed its stake, selling 1,085,026 shares to finish with 4,086,691 shares valued at approximately $157,848,439.00.

Alcoa Corporation Stock Down 5.3%

Alcoa Corporation shares recently traded around $38.64 as of October 22, 2026. The stock sits below its 50-day moving average of $46.26 and its 200-day moving average of $57.28. Shares trade well below their 52-week high of $84.38 while remaining above the 52-week low of $35.12.

Recent Earnings

Alcoa reported trailing-twelve-month revenue of $14,311,999,488.00 and basic earnings of $5.75 per share. The company posted a net profit margin of 10.7% and a return on equity of 20.6% alongside year-over-year revenue growth of 23.7%. Its next corporate earnings release is scheduled for January 21, 2027.

Dividend

Alcoa Corporation distributes an annual dividend of $0.40 per share, giving the stock a dividend yield of 0.98%. The payout ratio sits at 8.3%, meaning the company uses a small fraction of its earnings to fund the shareholder distribution.

Insider Buying and Selling at Alcoa Corporation

Company insiders completed several share sales ahead of the rating change. Chief Operating Officer Matthew T Reed sold 4,600 shares on July 22, 2026, for $215,372.00. General Counsel Andrew Hastings sold 6,000 shares on August 17, 2026, for $305,412.00. Officer Tammi A Jones sold 15,628 shares on August 27, 2026, for $790,733.00. Officer Renato Bacchi also sold 700 shares on August 31, 2026, for $35,714.00.

Analysts Set New Price Targets

Wall Street firms updated their views on Alcoa through October 2026. On October 14, 2026, Barclays initiated coverage with an Overweight rating and a $55.00 price target. On October 20, 2026, Citigroup maintained a Buy rating while lowering its target from $76.00 to $56.00. On the same day, B. Riley Securities kept a Buy rating and lowered its target from $80.00 to $63.00, while Freedom Broker maintained a Buy rating and trimmed its target from $76.00 to $62.00. Overall, the stock carries a consensus buy recommendation with a mean target price of $55.90 across 13 analyst opinions.

About Alcoa Corporation

Headquartered in Pittsburgh, Pennsylvania, Alcoa Corporation engages in bauxite mining, alumina refining, aluminum production, and energy generation. The company operates globally through its Alumina and Aluminum segments, supplying essential materials for industrial applications worldwide.

Bottom Line

Investors will watch how Alcoa performs leading up to its next earnings report on January 21, 2027. Market participants will also monitor whether additional brokerage firms adjust their price targets following Argus Research's shift to a Hold rating.