Bright Futures Wealth Management LLC. Buys Shares of 11,768 Kaiser Aluminum Corporation $KALU

Bright Futures Wealth Management LLC. bought a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,768 shares of the industrial products company’s stock, valued at approximately $908,000.

Several other institutional investors have also made changes to their positions in KALU. First Horizon Corp bought a new stake in shares of Kaiser Aluminum in the 3rd quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its stake in Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 342 shares in the last quarter. Quantbot Technologies LP bought a new stake in Kaiser Aluminum in the second quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Kaiser Aluminum by 130.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kaiser Aluminum

In related news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the sale, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

KALU has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. Wall Street Zen cut Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company lifted their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.67.

Kaiser Aluminum Stock Down 0.7%

Shares of KALU stock opened at $130.14 on Monday. Kaiser Aluminum Corporation has a 12 month low of $46.81 and a 12 month high of $150.00. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.11 billion, a PE ratio of 19.19 and a beta of 1.37. The stock has a 50 day moving average of $127.99 and a 200-day moving average of $101.21.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $902.00 million. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The company’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. On average, equities analysts predict that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 45.43%.

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.