Stephens Inc. AR Decreases Stock Holdings in Kaiser Aluminum Corporation $KALU

Stephens Inc. AR lessened its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 84.0% during the third quarter, Holdings Channel reports. The firm owned 2,875 shares of the industrial products company’s stock after selling 15,048 shares during the quarter. Stephens Inc. AR’s holdings in Kaiser Aluminum were worth $222,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Voya Investment Management LLC raised its holdings in Kaiser Aluminum by 40.5% in the 1st quarter. Voya Investment Management LLC now owns 18,628 shares of the industrial products company’s stock worth $1,129,000 after acquiring an additional 5,372 shares during the last quarter. American Century Companies Inc. boosted its holdings in Kaiser Aluminum by 7.4% in the second quarter. American Century Companies Inc. now owns 536,208 shares of the industrial products company’s stock worth $42,843,000 after purchasing an additional 36,894 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Kaiser Aluminum during the 3rd quarter valued at $2,464,000. Envestnet Asset Management Inc. grew its holdings in shares of Kaiser Aluminum by 62.0% in the second quarter. Envestnet Asset Management Inc. now owns 66,773 shares of the industrial products company’s stock worth $5,335,000 after acquiring an additional 25,546 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Kaiser Aluminum by 175.2% in the second quarter. Hsbc Holdings PLC now owns 16,353 shares of the industrial products company’s stock worth $1,319,000 after purchasing an additional 10,410 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

KALU has been the subject of several recent research reports. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their target price on Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Wells Fargo & Company set a $120.00 price objective on shares of Kaiser Aluminum and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus price target of $99.67.

Kaiser Aluminum Price Performance

KALU opened at $133.16 on Thursday. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $133.19. The business’s fifty day simple moving average is $110.49 and its 200-day simple moving average is $91.55. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 24.08 and a beta of 1.44. The company has a current ratio of 2.48, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $1.06. The firm had revenue of $843.50 million during the quarter, compared to analysts’ expectations of $908.00 million. Kaiser Aluminum had a net margin of 2.85% and a return on equity of 10.67%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.3%. Kaiser Aluminum’s dividend payout ratio is presently 55.70%.

Insider Activity

In related news, EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $93.92, for a total transaction of $812,971.52. Following the transaction, the executive vice president directly owned 26,275 shares of the company’s stock, valued at $2,467,748. This represents a 24.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.40% of the company’s stock.

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.