Versor Investments LP Invests $525,000 in Kaiser Aluminum Corporation $KALU

Versor Investments LP acquired a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,800 shares of the industrial products company’s stock, valued at approximately $525,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its position in shares of Kaiser Aluminum by 31.9% during the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after purchasing an additional 279,231 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Kaiser Aluminum by 92.5% during the third quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after buying an additional 240,518 shares during the period. Gabelli Funds LLC purchased a new position in Kaiser Aluminum during the second quarter worth about $5,013,000. Raymond James Financial Inc. increased its stake in Kaiser Aluminum by 211.2% in the 2nd quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after acquiring an additional 56,028 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after acquiring an additional 42,160 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KALU shares. 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. upped their price objective on shares of 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 target price on shares of Kaiser Aluminum and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.67.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $144.71 on Thursday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 26.17 and a beta of 1.42. The business has a 50 day moving average of $121.91 and a 200 day moving average of $96.15. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08. Kaiser Aluminum Corporation has a 1-year low of $46.81 and a 1-year high of $145.63.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 23rd will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.1%. Kaiser Aluminum’s dividend payout ratio is 55.70%.

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.