Great Lakes Advisors LLC Makes New Investment in Kaiser Aluminum Corporation $KALU

Great Lakes Advisors LLC purchased a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 41,124 shares of the industrial products company’s stock, valued at approximately $8,045,000. Great Lakes Advisors LLC owned approximately 0.25% of Kaiser Aluminum as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake 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 worth $243,249,000 after buying an additional 5,823 shares in the last quarter. State Street Corp grew its position in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after buying an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kaiser Aluminum by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock valued at $95,528,000 after buying an additional 13,909 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Kaiser Aluminum by 1.1% in the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after buying an additional 5,623 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 acquiring an additional 28,495 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KALU shares. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Wells Fargo & Company upped their target price on Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a report on Friday, July 24th. KeyCorp increased their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, UBS Group lifted their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaiser Aluminum presently has an average rating of “Hold” and an average price target of $168.25.

Kaiser Aluminum Trading Down 2.7%

Kaiser Aluminum stock opened at $156.95 on Thursday. The company has a 50 day moving average price of $173.87 and a 200 day moving average price of $156.88. Kaiser Aluminum Corporation has a 52 week low of $73.08 and a 52 week high of $199.89. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 11.63 and a beta of 1.61.

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

Kaiser Aluminum Announces Dividend

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

Kaiser Aluminum 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.