Thrivent Financial for Lutherans Cuts Stake in Kaiser Aluminum Corporation $KALU

Thrivent Financial for Lutherans lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 27.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,394 shares of the industrial products company’s stock after selling 6,981 shares during the period. Thrivent Financial for Lutherans’ holdings in Kaiser Aluminum were worth $2,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Kaiser Aluminum by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after buying an additional 5,823 shares in the last quarter. State Street Corp boosted its stake in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after buying an additional 279,231 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Kaiser Aluminum by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company’s stock worth $63,095,000 after buying an additional 4,743 shares in the last quarter. American Century Companies Inc. boosted its stake in 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 buying an additional 52,512 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in 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 buying an additional 5,623 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $185.55 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.03 billion, a PE ratio of 20.21 and a beta of 1.60. The business has a 50 day moving average of $149.57 and a 200 day moving average of $129.03. Kaiser Aluminum Corporation has a 52 week low of $70.39 and a 52 week high of $186.36.

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

Kaiser Aluminum Announces Dividend

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

Wall Street Analyst Weigh In

KALU has been the subject of a number of analyst reports. UBS Group initiated coverage on Kaiser Aluminum in a research note on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. reissued 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kaiser Aluminum presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.50.

Insider Activity at Kaiser Aluminum

In related news, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 4,448 shares in the company, valued at $774,930.56. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Grimley sold 1,524 shares of the company’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 transaction, the director owned 4,578 shares of the company’s stock, valued at approximately $785,218.56. This represents a 24.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,731 shares of company stock valued at $12,529,097 over the last 90 days. Company insiders own 1.30% of the company’s stock.

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.