Wellington Management Group LLP Has $34.95 Million Stock Position in Kaiser Aluminum Corporation $KALU

Wellington Management Group LLP lowered its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 46.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,672 shares of the industrial products company’s stock after selling 153,440 shares during the quarter. Wellington Management Group LLP’s holdings in Kaiser Aluminum were worth $34,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KALU. State Street Corp increased its holdings 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 worth $92,238,000 after purchasing an additional 279,231 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Kaiser Aluminum in the second quarter valued at about $38,353,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kaiser Aluminum in the third quarter valued at about $13,111,000. Brightline Capital Management LLC acquired a new stake in Kaiser Aluminum during the fourth quarter worth about $19,296,000. Finally, Goldman Sachs Group Inc. increased its stake in Kaiser Aluminum by 111.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock valued at $20,650,000 after acquiring an additional 94,874 shares during the period. 99.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings cut Kaiser Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their target price on Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Finally, UBS Group upgraded shares of Kaiser Aluminum from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $179.00 to $184.00 in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.50.

Kaiser Aluminum Stock Up 2.1%

KALU opened at $164.19 on Friday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 12.17 and a beta of 1.61. 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’s 50-day simple moving average is $167.73 and its 200-day simple moving average is $158.44. Kaiser Aluminum Corporation has a twelve month low of $73.08 and a twelve month high of $199.89.

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

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were paid a $0.77 dividend. The ex-dividend date was Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.9%. Kaiser Aluminum’s payout ratio is 22.83%.

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.