Fisher Asset Management LLC Has $10.63 Million Stock Holdings in Kaiser Aluminum Corporation $KALU

Fisher Asset Management LLC cut its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 6.6% in the third quarter, Holdings Channel reports. The fund owned 137,787 shares of the industrial products company’s stock after selling 9,688 shares during the period. Fisher Asset Management LLC’s holdings in Kaiser Aluminum were worth $10,632,000 at the end of the most recent reporting period.

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

Insider Transactions at Kaiser Aluminum

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

Analyst Ratings Changes

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

Kaiser Aluminum Stock Performance

Shares of KALU opened at $130.76 on Thursday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.29 and a beta of 1.37. Kaiser Aluminum Corporation has a 12 month low of $46.81 and a 12 month high of $150.00. The firm has a fifty day simple moving average of $128.96 and a 200 day simple moving average of $102.23. The company has a current ratio of 2.95, a quick ratio of 1.26 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data 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). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The business had revenue of $929.00 million during the quarter, compared to analyst estimates of $902.00 million. During the same period in the previous year, the business earned $0.33 earnings per share. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Research analysts forecast that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 23rd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.4%. Kaiser Aluminum’s dividend payout ratio is 45.43%.

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.