Kaiser Aluminum Corporation $KALU Shares Acquired by 1492 Capital Management LLC

1492 Capital Management LLC increased its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 131.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,943 shares of the industrial products company’s stock after buying an additional 22,085 shares during the period. Kaiser Aluminum comprises about 1.7% of 1492 Capital Management LLC’s investment portfolio, making the stock its 21st largest position. 1492 Capital Management LLC’s holdings in Kaiser Aluminum were worth $4,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in Kaiser Aluminum by 31.9% during the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Kaiser Aluminum in the 3rd quarter worth approximately $13,111,000. Goldman Sachs Group Inc. grew its holdings in Kaiser Aluminum by 111.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock worth $20,650,000 after acquiring an additional 94,874 shares during the period. Raymond James Financial Inc. grew its stake in shares of Kaiser Aluminum by 211.2% in the 2nd quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after purchasing an additional 56,028 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Kaiser Aluminum by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after acquiring an additional 52,512 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on KALU. KeyCorp lifted their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. UBS Group began coverage on Kaiser Aluminum in a report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Kaiser Aluminum Stock Performance

NASDAQ KALU opened at $186.33 on Thursday. The stock has a market cap of $3.04 billion, a P/E ratio of 20.30 and a beta of 1.60. The company’s 50-day simple moving average is $158.14 and its 200 day simple moving average is $132.90. Kaiser Aluminum Corporation has a twelve month low of $71.44 and a twelve month high of $194.43. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating the consensus estimate of $1.96 by $1.78. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.Kaiser Aluminum’s quarterly revenue was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. As a group, research analysts forecast that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio is presently 33.55%.

Insider Activity at Kaiser Aluminum

In related news, SVP Iulian Gheorghe sold 175 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the transaction, the senior vice president directly owned 4,448 shares in the company, valued at approximately $774,930.56. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the sale, the director owned 9,887 shares in the company, valued at $1,724,688.28. This trade represents a 60.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,731 shares of company stock valued at $12,529,097 over the last 90 days. Insiders own 1.30% of the company’s stock.

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.