Kaiser Aluminum Corporation $KALU Stock Holdings Reduced by Wellington Management Group LLP

Key Points

• Wellington Management cut its Kaiser Aluminum stake by 46.2% in the second quarter, selling 153,440 shares and retaining 178,672 shares worth approximately $35 million. Institutional investors and hedge funds collectively own 99.29% of KALU.
• Analyst sentiment remains broadly positive: UBS upgraded the stock to “buy,” while Zacks Research and Wall Street Zen issued “strong-buy” ratings. Kaiser Aluminum has a consensus rating of “Moderate Buy” and an average price target of $169.50.
• Kaiser Aluminum reported strong quarterly results, with EPS of $5.53 exceeding estimates of $2.66 and revenue rising 52.7% year over year to $1.26 billion. The company also maintains a quarterly dividend of $0.77 per share, or $3.08 annualized.

Wellington Management Group LLP reduced its position in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 46.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,672 shares of the industrial products company's stock after selling 153,440 shares during the period. Wellington Management Group LLP owned about 1.09% of Kaiser Aluminum worth $34,954,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KALU. Farther Finance Advisors LLC increased its holdings in Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company's stock worth $31,000 after buying an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 342 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 294 shares during the last quarter. Quantbot Technologies LP bought a new stake in Kaiser Aluminum in the second quarter worth approximately $44,000. Finally, KBC Group NV bought a new stake in Kaiser Aluminum in the first quarter worth approximately $44,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. UBS Group upgraded shares of Kaiser Aluminum from a "neutral" rating to a "buy" rating and raised their price target for the company from $179.00 to $184.00 in a report on Monday. Wells Fargo & Company increased their target price on shares of 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 lowered Kaiser Aluminum from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday. Wall Street Zen raised Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 2nd. Finally, Zacks Research upgraded Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.50.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $164.19 on Friday. The firm has a market capitalization of $2.68 billion, a PE ratio of 12.17 and a beta of 1.61. Kaiser Aluminum Corporation has a 1 year low of $73.08 and a 1 year high of $199.89. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. The firm's fifty day simple moving average is $167.73 and its 200 day simple moving average is $158.44.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $1.21 EPS. The business's revenue was up 52.7% on a year-over-year basis. On average, sell-side analysts anticipate that Kaiser Aluminum Corporation will post 10.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, July 24th. Kaiser Aluminum's payout ratio is currently 22.83%.

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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