Royal Bank of Canada Has $2.86 Million Holdings in Kaiser Aluminum Corporation $KALU

Key Points

• Royal Bank of Canada nearly doubled its Kaiser Aluminum stake in the first quarter, owning 23,714 shares valued at approximately $2.86 million. Institutional investors collectively hold 99.29% of the company.
• Kaiser Aluminum reported a strong quarter, with earnings per share of $5.53 versus the $2.66 analyst estimate and revenue of $1.26 billion, up 52.7% year over year.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $168.25, below its reported market price of $181.73. The company also maintains a quarterly dividend of $0.77, representing a 1.7% yield.

Royal Bank of Canada lifted its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 98.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,714 shares of the industrial products company's stock after buying an additional 11,769 shares during the period. Royal Bank of Canada owned about 0.15% of Kaiser Aluminum worth $2,856,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Kaiser Aluminum by 389.3% during the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company's stock worth $31,000 after purchasing an additional 218 shares during the period. KBC Group NV acquired a new position in shares of Kaiser Aluminum in the 1st quarter worth approximately $44,000. Global Retirement Partners LLC lifted its position in shares of Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company's stock worth $42,000 after buying an additional 294 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Kaiser Aluminum by 475.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock worth $33,000 after buying an additional 342 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Kaiser Aluminum by 107.2% in the 1st quarter. Parallel Advisors LLC now owns 487 shares of the industrial products company's stock valued at $59,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on KALU. Wall Street Zen upgraded Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 2nd. Zacks Research upgraded shares of Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. UBS Group upped their target price on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Kaiser Aluminum in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $168.25.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock opened at $181.73 on Friday. The business's fifty day moving average is $174.46 and its two-hundred day moving average is $155.73. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.17 and a current ratio of 2.50. The firm has a market cap of $2.97 billion, a P/E ratio of 13.47 and a beta of 1.61. Kaiser Aluminum Corporation has a 52 week low of $73.08 and a 52 week high of $199.89.

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

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 24th. 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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