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

Gabelli Funds LLC reduced its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 9.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 35,093 shares of the industrial products company’s stock after selling 3,745 shares during the period. Gabelli Funds LLC owned approximately 0.21% of Kaiser Aluminum worth $4,229,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in Kaiser Aluminum by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock valued at $446,000 after buying an additional 62 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kaiser Aluminum by 18.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 73 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Kaiser Aluminum by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock worth $450,000 after acquiring an additional 76 shares during the period. ProShare Advisors LLC raised its holdings in shares of Kaiser Aluminum by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 97 shares during the period. Finally, GAMMA Investing LLC lifted its position in Kaiser Aluminum by 20.0% in the 4th quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KALU shares. Wall Street Zen lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Kaiser Aluminum in a research note on Tuesday, July 21st. UBS Group boosted their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. KeyCorp upped their price objective on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company upped their price objective on Kaiser Aluminum from $158.00 to $169.00 and gave the stock an “underweight” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Kaiser Aluminum presently has an average rating of “Hold” and an average price target of $168.25.

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $162.16 on Wednesday. The firm’s 50 day moving average is $175.95 and its 200-day moving average is $151.59. The company has a quick ratio of 1.17, a current ratio of 2.50 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $2.65 billion, a PE ratio of 12.02 and a beta of 1.59. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $195.96.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $1.12 billion. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The firm’s revenue was up 52.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. Equities research analysts anticipate that Kaiser Aluminum Corporation will post 9.11 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

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

About Kaiser Aluminum

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.