Globeflex Capital L P Buys New Shares in Kaiser Aluminum Corporation $KALU

Globeflex Capital L P purchased a new stake in Kaiser Aluminum Corporation (NASDAQ:KALU) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 8,903 shares of the industrial products company’s stock, valued at approximately $1,742,000.

Several other institutional investors have also recently made changes to their positions in KALU. Farther Finance Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after buying an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 342 shares during the period. Global Retirement Partners LLC increased its position in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after buying an additional 294 shares during the last quarter. KBC Group NV bought a new stake in Kaiser Aluminum in the first quarter valued at approximately $44,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Kaiser Aluminum in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KALU shares. Wells Fargo & Company lifted 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. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Kaiser Aluminum from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Finally, UBS Group increased their price objective on Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $168.25.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $152.50 on Tuesday. The firm has a 50 day moving average of $171.80 and a 200-day moving average of $157.33. The stock has a market capitalization of $2.49 billion, a PE ratio of 11.30 and a beta of 1.61. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. Kaiser Aluminum Corporation has a 12 month low of $73.08 and a 12 month high of $199.89.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, beating the consensus estimate of $2.66 by $2.87. The business had revenue of $1.26 billion during 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 earnings per share. On average, equities research analysts predict 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 paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $3.08 annualized dividend and a yield of 2.0%. Kaiser Aluminum’s payout ratio is presently 22.83%.

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.