Royal Bank of Canada Buys 11,769 Shares of Kaiser Aluminum Corporation $KALU

Royal Bank of Canada grew its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 98.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 23,714 shares of the industrial products company’s stock after purchasing an additional 11,769 shares during the period. Royal Bank of Canada’s holdings in Kaiser Aluminum were worth $2,856,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 218 shares during the last quarter. KBC Group NV bought a new position in shares of Kaiser Aluminum in the 1st quarter valued at about $44,000. Global Retirement Partners LLC grew its position in shares of Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after buying an additional 294 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after buying an additional 342 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Kaiser Aluminum by 107.2% during the first quarter. Parallel Advisors LLC now owns 487 shares of the industrial products company’s stock worth $59,000 after buying an additional 252 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. KeyCorp raised 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. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. Wells Fargo & Company boosted their target price on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Finally, UBS Group upped their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $168.25.

Kaiser Aluminum Stock Performance

KALU stock opened at $181.73 on Friday. The business’s 50-day moving average price is $174.46 and its two-hundred day moving average price is $155.73. 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 firm has a market cap of $2.97 billion, a PE ratio of 13.47 and a beta of 1.61. Kaiser Aluminum Corporation has a 1-year low of $73.08 and a 1-year 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, topping analysts’ consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $1.21 earnings per share. Kaiser Aluminum’s revenue was up 52.7% compared to the same quarter last year. As a group, research analysts forecast that Kaiser Aluminum Corporation will post 10.63 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 22.83%.

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.