Advisors Preferred LLC Takes Position in Kaiser Aluminum Corporation $KALU

Key Points

• Advisors Preferred LLC bought 7,038 shares of Kaiser Aluminum in the second quarter, valued at approximately $1.24 million. Institutional investors collectively own 99.29% of the company.
• Kaiser Aluminum reported strong quarterly results, with EPS of $5.53 versus the $2.66 consensus estimate and revenue of $1.26 billion, up 52.7% year over year.
• The company pays a quarterly dividend of $0.77, equivalent to an annualized $3.08 and a 2.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $168.25.

Advisors Preferred LLC purchased a new stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,038 shares of the industrial products company's stock, valued at approximately $1,241,000.

Several other institutional investors and hedge funds have also bought and sold shares of KALU. Hillsdale Investment Management Inc. acquired a new position in shares of Kaiser Aluminum during the fourth quarter worth $5,410,000. Fisher Asset Management LLC grew its position in Kaiser Aluminum by 14.0% during the 4th quarter. Fisher Asset Management LLC now owns 157,078 shares of the industrial products company's stock worth $18,042,000 after acquiring an additional 19,291 shares during the last quarter. Harvest Investment Advisors LLC acquired a new position in Kaiser Aluminum in the 4th quarter worth about $2,340,000. Louisiana State Employees Retirement System bought a new stake in shares of Kaiser Aluminum during the first quarter worth about $856,000. Finally, Jennison Associates LLC acquired a new position in shares of Kaiser Aluminum in the first quarter valued at approximately $756,000. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

Shares of KALU opened at $151.15 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. Kaiser Aluminum Corporation has a 52-week low of $73.08 and a 52-week high of $199.89. The business's 50 day moving average price is $173.14 and its two-hundred day moving average price is $157.08. The firm has a market cap of $2.47 billion, a PE ratio of 11.20 and a beta of 1.61.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. Kaiser Aluminum's revenue was up 52.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. On average, equities analysts anticipate that Kaiser Aluminum Corporation will post 10.63 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were issued a $0.77 dividend. The ex-dividend date was Friday, July 24th. This represents a $3.08 annualized dividend and a yield of 2.0%. Kaiser Aluminum's dividend payout ratio is presently 22.83%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group upped their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Wall Street Zen raised Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 2nd. Zacks Research raised Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. KeyCorp increased their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an "overweight" rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company lifted their price objective on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.25.

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.

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