Oliver Luxxe Assets LLC Has $2.59 Million Stake in Kaiser Aluminum Corporation $KALU

Oliver Luxxe Assets LLC reduced its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 38.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,231 shares of the industrial products company’s stock after selling 8,306 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Kaiser Aluminum were worth $2,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Kaiser Aluminum by 0.3% in 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 acquiring an additional 5,823 shares during the last quarter. State Street Corp lifted its stake in Kaiser Aluminum by 31.9% during the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Kaiser Aluminum by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after purchasing an additional 13,909 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of 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 valued at $38,769,000 after purchasing an additional 5,623 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Kaiser Aluminum by 16.8% in 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 purchasing an additional 28,495 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Up 8.1%

Shares of KALU opened at $184.75 on Friday. Kaiser Aluminum Corporation has a 52 week low of $71.44 and a 52 week high of $195.96. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.70 and a beta of 1.61. 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 stock has a fifty day moving average of $174.25 and a 200-day moving average of $153.72.

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 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 return on equity of 24.71% and a net margin of 5.49%.Kaiser Aluminum’s revenue for the quarter was up 52.7% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. As a group, sell-side analysts anticipate that Kaiser Aluminum Corporation will post 10.63 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be paid 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 of this dividend is Friday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 22.83%.

Analyst Upgrades and Downgrades

KALU has been the subject of a number of research analyst reports. UBS Group boosted their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday, July 21st. Finally, KeyCorp raised their price target on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $168.25.

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.