Healthcare of Ontario Pension Plan Trust Fund Reduces Stock Position in Kaiser Aluminum Corporation $KALU

Healthcare of Ontario Pension Plan Trust Fund cut its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 31.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,971 shares of the industrial products company’s stock after selling 3,201 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kaiser Aluminum were worth $840,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KALU. State Street Corp lifted its holdings in shares of Kaiser Aluminum by 31.9% during the second 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. Hotchkis & Wiley Capital Management LLC acquired a new position in Kaiser Aluminum in the 3rd quarter worth approximately $13,111,000. Brightline Capital Management LLC acquired a new position in Kaiser Aluminum in the 4th quarter worth approximately $19,296,000. Goldman Sachs Group Inc. increased its holdings in Kaiser Aluminum by 111.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock worth $20,650,000 after buying an additional 94,874 shares during the period. Finally, Raymond James Financial Inc. raised its position in Kaiser Aluminum by 211.2% during the 2nd quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after buying an additional 56,028 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU opened at $159.68 on Monday. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $195.96. The company has a market capitalization of $2.61 billion, a PE ratio of 11.84 and a beta of 1.61. The business has a 50 day moving average of $175.09 and a two-hundred day moving average of $152.28. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $5.53 EPS for the quarter, topping the consensus estimate of $2.66 by $2.87. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.The business’s quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. As a group, analysts forecast that Kaiser Aluminum Corporation will post 10.63 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.9%. Kaiser Aluminum’s dividend payout ratio is 22.83%.

Kaiser Aluminum News Roundup

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Zacks upgraded Kaiser Aluminum (KALU) from Hold to Strong Buy, reflecting increased optimism about the company’s earnings outlook and estimate revisions. Kaiser Upgraded to Strong Buy
• Positive Sentiment: KALU was added to Zacks’ Rank #1 Strong Buy list, which could attract investor interest and reinforce expectations for improving profitability. New Strong Buy Stocks for July 30
• Positive Sentiment: Zacks identified Kaiser as a potential growth stock, citing attributes that could support above-average returns. Another Zacks report highlighted KALU among industrial stocks positioned to benefit from resilient manufacturing, infrastructure spending and AI-related demand. Kaiser Growth Stock Analysis Industrial Stocks Amid Manufacturing Resilience
• Neutral Sentiment: A sector comparison examines Kaiser’s year-to-date performance against industrial-products stocks and UniFirst, offering context on relative momentum but no new company-specific catalyst. Industrial Products Stock Performance Comparison
• Neutral Sentiment: Zacks’ value-investing review considers KALU’s valuation, growth and momentum factors, but does not represent a separate change in company fundamentals. Kaiser Value Investor Analysis
• Negative Sentiment: J.P. Morgan maintained its Sell rating on Kaiser Aluminum, signaling that the firm sees downside risk despite the recent bullish Zacks upgrade. J.P. Morgan Maintains Sell Rating

Analyst Ratings Changes

Several brokerages have commented on KALU. KeyCorp lifted their price objective 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kaiser Aluminum in a research note on Tuesday, July 21st. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Wells Fargo & Company boosted their target price on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a research report on Friday, July 24th. Finally, UBS Group upped their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Kaiser Aluminum presently has an average rating of “Hold” and an average price target of $168.25.

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.