Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU – Free Report) by 31.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,971 shares of the industrial products company’s stock after selling 3,201 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kaiser Aluminum were worth $840,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of KALU. Allspring Global Investments Holdings LLC purchased a new position in Kaiser Aluminum during the fourth quarter worth approximately $5,018,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Kaiser Aluminum in the fourth quarter valued at approximately $5,410,000. Fisher Asset Management LLC increased its position in shares of Kaiser Aluminum by 14.0% in the fourth quarter. Fisher Asset Management LLC now owns 157,078 shares of the industrial products company’s stock valued at $18,042,000 after buying an additional 19,291 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake 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 purchased a new position in shares of Kaiser Aluminum during the 4th quarter valued at approximately $2,340,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.
Trending Headlines about Kaiser Aluminum
Here are the key news stories impacting Kaiser Aluminum this week:
- Positive Sentiment: Zacks upgraded Kaiser Aluminum (KALU) from Hold to Strong Buy, reflecting increased optimism about the company’s earnings outlook and estimate revisions. Kaiser Upgraded to Strong Buy
- Positive Sentiment: KALU was added to Zacks’ Rank #1 Strong Buy list, which could attract investor interest and reinforce expectations for improving profitability. New Strong Buy Stocks for July 30
- Positive Sentiment: Zacks identified Kaiser as a potential growth stock, citing attributes that could support above-average returns. Another Zacks report highlighted KALU among industrial stocks positioned to benefit from resilient manufacturing, infrastructure spending and AI-related demand. Kaiser Growth Stock Analysis Industrial Stocks Amid Manufacturing Resilience
- Neutral Sentiment: A sector comparison examines Kaiser’s year-to-date performance against industrial-products stocks and UniFirst, offering context on relative momentum but no new company-specific catalyst. Industrial Products Stock Performance Comparison
- Neutral Sentiment: Zacks’ value-investing review considers KALU’s valuation, growth and momentum factors, but does not represent a separate change in company fundamentals. Kaiser Value Investor Analysis
- Negative Sentiment: J.P. Morgan maintained its Sell rating on Kaiser Aluminum, signaling that the firm sees downside risk despite the recent bullish Zacks upgrade. J.P. Morgan Maintains Sell Rating
Kaiser Aluminum Stock Performance
Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last issued its quarterly 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 return on equity of 24.71% and a net margin of 5.49%.The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 52.7% on a year-over-year basis. As a group, equities research analysts anticipate that Kaiser Aluminum Corporation will post 10.63 EPS for the current fiscal year.
Kaiser Aluminum Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, July 24th. Kaiser Aluminum’s payout ratio is 22.83%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on KALU shares. UBS Group lifted their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday. KeyCorp increased their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday, July 21st. Finally, Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $168.25.
Check Out Our Latest Research Report on KALU
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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