Thrivent Financial for Lutherans Sells 12,729 Shares of Kaiser Aluminum Corporation $KALU

Thrivent Financial for Lutherans cut its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 33.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,375 shares of the industrial products company’s stock after selling 12,729 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kaiser Aluminum were worth $1,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Kaiser Aluminum by 212.6% during the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Kaiser Aluminum in the first quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kaiser Aluminum by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after purchasing an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kaiser Aluminum by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 1,084 shares during the period. Finally, Jane Street Group LLC raised its holdings in Kaiser Aluminum by 323.6% during the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after purchasing an additional 42,160 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 3.3%

KALU opened at $144.71 on Thursday. Kaiser Aluminum Corporation has a 1-year low of $46.81 and a 1-year high of $145.63. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The company has a market cap of $2.35 billion, a P/E ratio of 26.17 and a beta of 1.42. The company has a fifty day moving average price of $121.91 and a two-hundred day moving average price of $96.15.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, January 23rd. Kaiser Aluminum’s payout ratio is presently 55.70%.

Wall Street Analyst Weigh In

KALU has been the topic of a number of analyst reports. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Finally, Wells Fargo & Company set a $120.00 price objective on Kaiser Aluminum and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $99.67.

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.