Teacher Retirement System of Texas Has $1.08 Million Stock Holdings in Kaiser Aluminum Corporation $KALU

Teacher Retirement System of Texas lifted its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 87.0% in the third quarter, Holdings Channel.com reports. The fund owned 13,941 shares of the industrial products company’s stock after acquiring an additional 6,486 shares during the quarter. Teacher Retirement System of Texas’ holdings in Kaiser Aluminum were worth $1,076,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Kaiser Aluminum

In related news, EVP Blain Tiffany sold 8,656 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were 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 approximately $2,467,748. This trade represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

Kaiser Aluminum Price Performance

Shares of KALU opened at $131.87 on Tuesday. The business’s fifty day moving average is $116.07 and its 200 day moving average is $93.75. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-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 stock has a market cap of $2.14 billion, a P/E ratio of 23.85 and a beta of 1.42.

Kaiser Aluminum Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, January 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.3%. Kaiser Aluminum’s payout ratio is presently 55.70%.

Wall Street Analyst Weigh In

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

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.