Great Lakes Advisors LLC Sells 5,576 Shares of Kaiser Aluminum Corporation $KALU

Great Lakes Advisors LLC reduced its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 10.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 45,364 shares of the industrial products company’s stock after selling 5,576 shares during the quarter. Great Lakes Advisors LLC’s holdings in Kaiser Aluminum were worth $3,500,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. New York State Common Retirement Fund lifted its position in shares of Kaiser Aluminum by 14.2% during the 3rd quarter. New York State Common Retirement Fund now owns 5,635 shares of the industrial products company’s stock worth $435,000 after buying an additional 700 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Kaiser Aluminum during the third quarter worth $221,000. Y Intercept Hong Kong Ltd bought a new position in shares of Kaiser Aluminum during the third quarter valued at $841,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at $323,000. Finally, Teacher Retirement System of Texas grew its holdings in shares of Kaiser Aluminum by 87.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 13,941 shares of the industrial products company’s stock worth $1,076,000 after purchasing an additional 6,486 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $93.92, for a total transaction of $812,971.52. Following the transaction, the executive vice president directly owned 26,275 shares in the company, valued at approximately $2,467,748. This represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KALU. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Finally, Wells Fargo & Company set a $120.00 price objective on Kaiser Aluminum and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.67.

Kaiser Aluminum Trading Down 3.4%

KALU stock opened at $122.62 on Friday. The company has a market cap of $1.99 billion, a P/E ratio of 22.17 and a beta of 1.44. Kaiser Aluminum Corporation has a twelve month low of $46.81 and a twelve month high of $135.48. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $115.30 and a 200-day moving average of $93.38.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, January 23rd. Kaiser Aluminum’s payout ratio is currently 55.70%.

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.