Kaiser Aluminum Corporation $KALU Holdings Trimmed by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 68.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,742 shares of the industrial products company’s stock after selling 32,494 shares during the period. Deprince Race & Zollo Inc.’s holdings in Kaiser Aluminum were worth $1,777,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KALU. Vanguard Group Inc. grew its stake in Kaiser Aluminum by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock valued at $243,249,000 after acquiring an additional 5,823 shares in the last quarter. State Street Corp increased its holdings in shares of Kaiser Aluminum by 31.9% in 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 during the period. Dimensional Fund Advisors LP increased its holdings in shares of Kaiser Aluminum by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock valued at $95,528,000 after purchasing an additional 13,909 shares during the period. American Century Companies Inc. lifted its position in shares of Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after purchasing an additional 52,512 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Kaiser Aluminum by 1.1% in the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after purchasing an additional 5,623 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KALU shares. KeyCorp boosted their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Wells Fargo & Company increased their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Finally, UBS Group assumed coverage on shares of Kaiser Aluminum in a report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price target on the stock. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $159.50.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, Director Richard P. Grimley sold 1,524 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total value of $261,396.48. Following the completion of the sale, the director directly owned 4,578 shares of the company’s stock, valued at $785,218.56. The trade was a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Iulian Gheorghe sold 175 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the transaction, the senior vice president owned 4,448 shares in the company, valued at approximately $774,930.56. This trade represents a 3.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 71,731 shares of company stock valued at $12,529,097. Insiders own 1.30% of the company’s stock.

Kaiser Aluminum Stock Down 4.6%

KALU opened at $176.27 on Friday. The company has a market capitalization of $2.88 billion, a PE ratio of 19.20 and a beta of 1.59. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. Kaiser Aluminum Corporation has a fifty-two week low of $71.44 and a fifty-two week high of $195.96. The business has a 50-day moving average of $178.95 and a 200-day moving average of $145.42.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. During the same quarter in the previous year, the business posted $1.44 EPS. The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. Equities research analysts forecast that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $0.77 dividend. The ex-dividend date was Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.7%. Kaiser Aluminum’s payout ratio is 33.55%.

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.