First Trust Advisors LP Has $2.54 Million Position in Kaiser Aluminum Corporation $KALU

First Trust Advisors LP lessened its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 45.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,033 shares of the industrial products company’s stock after selling 17,519 shares during the period. First Trust Advisors LP owned about 0.13% of Kaiser Aluminum worth $2,535,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

KALU has been the subject of several research analyst reports. KeyCorp boosted their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. UBS Group lifted 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. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wells Fargo & Company increased their price objective on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Kaiser Aluminum has an average rating of “Hold” and a consensus price target of $168.25.

Kaiser Aluminum Stock Performance

Shares of Kaiser Aluminum stock opened at $184.75 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 13.70 and a beta of 1.61. Kaiser Aluminum Corporation has a twelve month low of $71.44 and a twelve month high of $195.96. The company’s fifty day moving average is $174.25 and its 200 day moving average is $153.72. 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 announced its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $2.87. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.Kaiser Aluminum’s revenue for the quarter was up 52.7% compared to the same quarter last year. During the same period last year, the company earned $1.21 EPS. Sell-side analysts forecast that Kaiser Aluminum Corporation will post 10.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 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.