Y Intercept Hong Kong Ltd Invests $841,000 in Kaiser Aluminum Corporation $KALU

Y Intercept Hong Kong Ltd purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,900 shares of the industrial products company’s stock, valued at approximately $841,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Kaiser Aluminum at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KALU. Deprince Race & Zollo Inc. bought a new position in shares of Kaiser Aluminum during the third quarter valued at $2,464,000. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 536,208 shares of the industrial products company’s stock worth $42,843,000 after purchasing an additional 36,894 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Kaiser Aluminum by 62.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 66,773 shares of the industrial products company’s stock valued at $5,335,000 after purchasing an additional 25,546 shares during the last quarter. Hsbc Holdings PLC grew its position in Kaiser Aluminum by 175.2% during the 2nd quarter. Hsbc Holdings PLC now owns 16,353 shares of the industrial products company’s stock valued at $1,319,000 after purchasing an additional 10,410 shares during the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in Kaiser Aluminum during the 2nd quarter valued at about $2,997,000. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 7.5%

Kaiser Aluminum stock opened at $131.87 on Tuesday. Kaiser Aluminum Corporation has a 52-week low of $46.81 and a 52-week high of $135.48. The company has a market cap of $2.14 billion, a P/E ratio of 23.85 and a beta of 1.42. 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 50-day simple moving average of $116.07 and a two-hundred day simple moving average of $93.75.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 23rd will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 55.70%.

Insiders Place Their Bets

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 stock was sold at an average price of $93.92, for a total value of $812,971.52. Following the completion of the sale, the executive vice president owned 26,275 shares in the company, valued at $2,467,748. This represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

KALU has been the topic of several analyst reports. Zacks Research downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. 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. JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Kaiser Aluminum currently has a consensus rating of “Hold” and an average 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.