First Trust Advisors LP Sells 17,519 Shares of Kaiser Aluminum Corporation $KALU

First Trust Advisors LP cut its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 45.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,033 shares of the industrial products company’s stock after selling 17,519 shares during the quarter. First Trust Advisors LP’s holdings in Kaiser Aluminum were worth $2,535,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in Kaiser Aluminum by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 62 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kaiser Aluminum by 18.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 73 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Kaiser Aluminum by 2.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 76 shares during the period. ProShare Advisors LLC boosted its position in shares of Kaiser Aluminum by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 97 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Kaiser Aluminum by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock worth $1,014,000 after purchasing an additional 109 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $184.75 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $174.25 and a two-hundred day simple moving average of $153.72. Kaiser Aluminum Corporation has a 12 month low of $71.44 and a 12 month high of $195.96. The firm has a market capitalization of $3.02 billion, a PE ratio of 13.70 and a beta of 1.61.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same period last year, the firm earned $1.21 earnings per share. Analysts forecast that Kaiser Aluminum Corporation will post 10.63 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 annualized dividend and a yield of 1.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 22.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday, July 21st. Wells Fargo & Company raised their price objective on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. UBS Group lifted their price objective on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, KeyCorp increased their target price 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Kaiser Aluminum has an average rating of “Hold” and an average price target of $168.25.

About Kaiser Aluminum

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.