Kaiser Aluminum Corporation $KALU Stock Position Decreased by Summit Global Investments

Summit Global Investments trimmed its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 32.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,981 shares of the industrial products company’s stock after selling 4,293 shares during the quarter. Summit Global Investments owned approximately 0.05% of Kaiser Aluminum worth $1,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KALU. Vanguard Group Inc. boosted its position in shares of Kaiser Aluminum by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock valued at $243,249,000 after purchasing an additional 5,823 shares during the period. State Street Corp increased its stake in Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Kaiser Aluminum by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after buying an additional 13,909 shares during the period. Wellington Management Group LLP raised its holdings in Kaiser Aluminum by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after buying an additional 5,623 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Kaiser Aluminum by 16.8% during the fourth quarter. Bank of New York Mellon Corp now owns 198,354 shares of the industrial products company’s stock valued at $22,783,000 after buying an additional 28,495 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Up 4.7%

NASDAQ:KALU opened at $164.37 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. Kaiser Aluminum Corporation has a fifty-two week low of $71.44 and a fifty-two week high of $195.96. The stock’s 50-day moving average is $176.42 and its two-hundred day moving average is $149.96. The stock has a market cap of $2.69 billion, a PE ratio of 17.91 and a beta of 1.59.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm’s revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. As a group, equities research analysts forecast that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.9%. Kaiser Aluminum’s dividend payout ratio (DPR) is 33.55%.

Insider Activity at Kaiser Aluminum

In related news, Director Brett Wilcox sold 15,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the sale, the director directly owned 9,887 shares in the company, valued at approximately $1,724,688.28. This trade represents a 60.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total value of $866,450.00. Following the sale, the chief financial officer owned 19,091 shares of the company’s stock, valued at approximately $3,308,279.39. This represents a 20.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KALU has been the subject of several recent analyst reports. Wells Fargo & Company reiterated an “underweight” rating and issued a $158.00 target price on shares of Kaiser Aluminum in a report on Thursday, July 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. KeyCorp raised their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kaiser Aluminum has an average rating of “Hold” and a consensus target price of $165.50.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation is a U.S.-based producer of semi‐fabricated aluminum products, serving a diverse range of industrial and specialty markets. The company’s offerings include extruded, rolled, and forged aluminum products designed to meet stringent performance requirements in sectors such as aerospace, automotive, defense, electronics, and general engineering. By focusing on high‐value applications, Kaiser Aluminum aims to deliver lightweight, durable solutions that contribute to efficiency and innovation across its customer base.

Operationally, Kaiser Aluminum maintains a network of smelters, extrusion plants, and rolling mills located primarily in North America.