Stephens Inc. AR Has $222,000 Position in Kaiser Aluminum Corporation $KALU

Stephens Inc. AR trimmed its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 84.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,875 shares of the industrial products company’s stock after selling 15,048 shares during the period. Stephens Inc. AR’s holdings in Kaiser Aluminum were worth $222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in KALU. Royal Bank of Canada lifted its stake in shares of Kaiser Aluminum by 212.6% in the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 3,955 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kaiser Aluminum in the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kaiser Aluminum by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after acquiring an additional 397 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kaiser Aluminum by 2.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 1,084 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after buying an additional 42,160 shares during the period. 99.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KALU shares. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company set a $120.00 price objective on Kaiser Aluminum and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $99.67.

Insider Activity

In related news, EVP Blain Tiffany sold 8,656 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the transaction, the executive vice president owned 26,275 shares of the company’s stock, valued at $2,467,748. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Kaiser Aluminum Stock Up 4.4%

Shares of NASDAQ KALU opened at $133.16 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08. The stock has a market capitalization of $2.16 billion, a PE ratio of 24.08 and a beta of 1.44. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $133.19. The business’s fifty day moving average price is $110.49 and its 200-day moving average price is $91.55.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $1.06. The firm had revenue of $843.50 million for the quarter, compared to the consensus estimate of $908.00 million. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%.The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 23rd will be given a dividend of $0.77 per share. The ex-dividend date is Friday, January 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.3%. Kaiser Aluminum’s dividend payout ratio (DPR) is 55.70%.

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.