Dimensional Fund Advisors LP decreased its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU – Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 818,314 shares of the industrial products company’s stock after selling 13,338 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Kaiser Aluminum worth $98,608,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of KALU. 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 valued at $31,000 after buying an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 342 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 294 shares in the last quarter. KBC Group NV acquired a new stake in shares of Kaiser Aluminum during the first quarter valued at approximately $44,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Kaiser Aluminum during the second quarter valued at approximately $44,000. Institutional investors own 99.29% of the company’s stock.
Kaiser Aluminum Stock Down 6.6%
NASDAQ KALU opened at $151.44 on Thursday. Kaiser Aluminum Corporation has a 1-year low of $71.44 and a 1-year high of $195.96. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.23 and a beta of 1.59. The stock’s 50 day moving average is $175.60 and its two-hundred day moving average is $151.79. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10.
Kaiser Aluminum Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, July 24th. Kaiser Aluminum’s dividend payout ratio is presently 22.83%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on KALU. UBS Group upped their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company raised 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. Wall Street Zen cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday, July 21st. Finally, Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $168.25.
View Our Latest Stock Report on Kaiser Aluminum
Kaiser Aluminum 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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