Great Lakes Advisors LLC Takes Position in Kaiser Aluminum Corporation $KALU

Great Lakes Advisors LLC purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) in the second quarter, Holdings Channel reports. The fund purchased 41,124 shares of the industrial products company’s stock, valued at approximately $8,045,000.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Kaiser Aluminum by 0.3% during the fourth 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 in the last quarter. 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 valued at $92,238,000 after buying an additional 279,231 shares during the period. Dimensional Fund Advisors LP lifted its position in Kaiser Aluminum by 1.7% in 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 in the last quarter. Wellington Management Group LLP lifted its position in Kaiser Aluminum by 1.1% in 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Kaiser Aluminum by 16.8% during the 4th 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 during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group boosted their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Wells Fargo & Company lifted their price objective on Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. KeyCorp upped their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Kaiser Aluminum has an average rating of “Hold” and an average target price of $168.25.

Kaiser Aluminum Stock Performance

KALU stock opened at $156.95 on Thursday. The firm has a 50 day moving average of $173.87 and a two-hundred day moving average of $156.88. Kaiser Aluminum Corporation has a 12 month low of $73.08 and a 12 month high of $199.89. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 11.63 and a beta of 1.61. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results 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. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $1.21 EPS. Kaiser Aluminum’s revenue for the quarter was up 52.7% on a year-over-year basis. As a group, equities analysts anticipate that Kaiser Aluminum Corporation will post 10.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, July 24th. Kaiser Aluminum’s dividend payout ratio is presently 22.83%.

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.