Gabelli Funds LLC Sells 3,745 Shares of Kaiser Aluminum Corporation $KALU

Gabelli Funds LLC cut its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,093 shares of the industrial products company’s stock after selling 3,745 shares during the period. Gabelli Funds LLC’s holdings in Kaiser Aluminum were worth $4,229,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Kaiser Aluminum during the 4th quarter worth approximately $5,018,000. Hillsdale Investment Management Inc. bought a new position in shares of Kaiser Aluminum in the fourth quarter valued at $5,410,000. Fisher Asset Management LLC increased its holdings in Kaiser Aluminum by 14.0% during the fourth quarter. Fisher Asset Management LLC now owns 157,078 shares of the industrial products company’s stock worth $18,042,000 after buying an additional 19,291 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Kaiser Aluminum by 24.2% during the third quarter. JPMorgan Chase & Co. now owns 79,701 shares of the industrial products company’s stock worth $6,150,000 after buying an additional 15,528 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in Kaiser Aluminum by 47.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 47,236 shares of the industrial products company’s stock worth $5,426,000 after acquiring an additional 15,299 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. UBS Group boosted their price objective on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. KeyCorp raised their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Kaiser Aluminum in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and a consensus price target of $168.25.

Kaiser Aluminum Stock Up 0.2%

KALU opened at $162.16 on Wednesday. Kaiser Aluminum Corporation has a 1-year low of $71.44 and a 1-year high of $195.96. The stock’s fifty day simple moving average is $175.95 and its 200 day simple moving average is $151.59. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10. The stock has a market cap of $2.65 billion, a PE ratio of 12.02 and a beta of 1.59.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $1.21 EPS. The company’s quarterly revenue was up 52.7% on a year-over-year basis. As a group, research analysts expect that Kaiser Aluminum Corporation will post 9.11 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 24th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. Kaiser Aluminum’s dividend payout ratio is presently 22.83%.

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.