Texas Permanent School Fund Corp Sells 12,347 Shares of Kaiser Aluminum Corporation $KALU

Texas Permanent School Fund Corp lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 30.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,790 shares of the industrial products company’s stock after selling 12,347 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.18% of Kaiser Aluminum worth $2,300,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KALU. Nuveen LLC purchased a new stake in shares of Kaiser Aluminum in the 1st quarter worth $2,622,000. Wellington Management Group LLP raised its holdings in shares of Kaiser Aluminum by 5.1% in the first quarter. Wellington Management Group LLP now owns 454,114 shares of the industrial products company’s stock valued at $27,528,000 after acquiring an additional 22,134 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Kaiser Aluminum by 385.7% in the first quarter. AlphaQuest LLC now owns 3,162 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 2,511 shares in the last quarter. Graham Capital Management L.P. lifted its stake in Kaiser Aluminum by 39.2% in the first quarter. Graham Capital Management L.P. now owns 9,930 shares of the industrial products company’s stock worth $602,000 after acquiring an additional 2,795 shares during the period. Finally, Royal Bank of Canada grew its holdings in Kaiser Aluminum by 212.6% during the 1st 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 in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on KALU. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 15th. Finally, Wells Fargo & Company boosted their price target on Kaiser Aluminum from $90.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.67.

Insiders Place Their Bets

In other news, EVP Blain Tiffany sold 8,656 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $93.92, for a total transaction of $812,971.52. Following the sale, the executive vice president owned 26,275 shares in the company, valued at approximately $2,467,748. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of KALU opened at $114.12 on Monday. The company has a 50 day moving average of $94.85 and a two-hundred day moving average of $84.61. The company has a quick ratio of 1.08, a current ratio of 2.48 and a debt-to-equity ratio of 1.29. Kaiser Aluminum Corporation has a twelve month low of $46.81 and a twelve month high of $115.33. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 20.64 and a beta of 1.51.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share (EPS) for the quarter. The business had revenue of $765.40 million for the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%. As a group, analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 24th were paid a $0.77 dividend. The ex-dividend date was Friday, October 24th. This represents a $3.08 dividend on an annualized basis and a yield of 2.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is 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.