Globeflex Capital L P Acquires New Stake in Kaiser Aluminum Corporation $KALU

Key Points

• Globeflex Capital acquired 8,903 Kaiser Aluminum shares worth approximately $1.74 million, giving it a 0.05% stake. Institutional investors collectively own 99.29% of KALU.
• Kaiser Aluminum reported strong quarterly results, with earnings of $5.53 per share and revenue of $1.26 billion, up 52.7% year over year and well above analyst estimates.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $168.25. The company also maintains a quarterly dividend of $0.77 per share, representing a 2.0% annualized yield.

Globeflex Capital L P bought a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,903 shares of the industrial products company's stock, valued at approximately $1,742,000. Globeflex Capital L P owned approximately 0.05% of Kaiser Aluminum at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in shares of Kaiser Aluminum during the 4th quarter valued at about $5,410,000. Fisher Asset Management LLC lifted its position in shares of 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 valued at $18,042,000 after acquiring an additional 19,291 shares during the last quarter. Harvest Investment Advisors LLC purchased a new stake in shares of Kaiser Aluminum during the fourth quarter valued at $2,340,000. Louisiana State Employees Retirement System acquired a new position in shares of Kaiser Aluminum in the 1st quarter valued at $856,000. Finally, Jennison Associates LLC acquired a new position in shares of Kaiser Aluminum in the first quarter worth about $756,000. 99.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on KALU shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Wells Fargo & Company boosted their price objective on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an "underweight" rating in a research report on Friday, July 24th. Weiss Ratings raised Kaiser Aluminum from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 18th. Zacks Research raised Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Finally, UBS Group raised their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. One equities research 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 assigned a Sell rating to the company's stock. According to MarketBeat, Kaiser Aluminum presently has a consensus rating of "Hold" and a consensus target price of $168.25.

Kaiser Aluminum Trading Down 1.1%

NASDAQ KALU opened at $152.50 on Tuesday. Kaiser Aluminum Corporation has a one year low of $73.08 and a one year high of $199.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.50 and a quick ratio of 1.17. The firm has a market cap of $2.49 billion, a P/E ratio of 11.30 and a beta of 1.61. The stock's 50-day moving average is $171.80 and its 200-day moving average is $157.33.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, topping the consensus estimate of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the company posted $1.21 EPS. The business's quarterly revenue was up 52.7% on a year-over-year basis. Sell-side analysts anticipate that Kaiser Aluminum Corporation will post 10.63 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

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

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.

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