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

Key Points

• Oliver Luxxe Assets LLC cut its Kaiser Aluminum stake by 38.6% in the second quarter, selling 8,306 shares and retaining 13,231 shares valued at approximately $2.59 million. Institutional investors and hedge funds collectively own 99.29% of KALU.
• 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.
• Analyst opinions remain mixed: the stock carries a consensus “Hold” rating with an average price target of $168.25, while KALU recently traded at $184.75. The company also declared a quarterly dividend of $0.77 per share, implying a 1.7% annual yield.

Oliver Luxxe Assets LLC reduced its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 38.6% in the 2nd quarter, according to its most recent filing with the Securities and 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 owned approximately 0.08% of Kaiser Aluminum worth $2,588,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KALU. Hillsdale Investment Management Inc. acquired a new position in shares of Kaiser Aluminum in the fourth quarter valued at $5,410,000. Fisher Asset Management LLC lifted its stake 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 worth $18,042,000 after buying an additional 19,291 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Kaiser Aluminum during the 1st quarter worth about $856,000. Deprince Race & Zollo Inc. boosted its holdings in shares of Kaiser Aluminum by 47.9% during the 4th quarter. Deprince Race & Zollo Inc. now owns 47,236 shares of the industrial products company's stock worth $5,426,000 after buying an additional 15,299 shares during the period. Finally, Harvest Investment Advisors LLC bought a new stake in shares of Kaiser Aluminum during the 4th quarter worth about $2,340,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KALU shares. Wells Fargo & Company increased their price target on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an "underweight" rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Kaiser Aluminum in a research report on Tuesday, July 21st. KeyCorp increased their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an "overweight" rating in a research note on Friday, April 24th. Wall Street Zen raised Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 2nd. Finally, JPMorgan Chase & Co. restated an "underweight" rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $168.25.

Kaiser Aluminum Stock Performance

NASDAQ KALU opened at $184.75 on Friday. The firm has a 50-day moving average price of $174.25 and a two-hundred day moving average price of $153.72. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $195.96. The company has a market capitalization of $3.02 billion, a P/E ratio of 13.70 and a beta of 1.61. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10.

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. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The business's revenue for the quarter was up 52.7% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Analysts anticipate that Kaiser Aluminum Corporation will post 10.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 annualized dividend and a yield of 1.7%. Kaiser Aluminum's payout ratio is currently 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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