Evolve Private Wealth LLC Takes Position in Kaiser Aluminum Corporation $KALU

Evolve Private Wealth LLC acquired a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,015 shares of the industrial products company’s stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Kaiser Aluminum during the 4th quarter worth approximately $5,018,000. Citigroup Inc. lifted its holdings in Kaiser Aluminum by 127.3% in the third quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock valued at $2,659,000 after acquiring an additional 19,294 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Kaiser Aluminum in the fourth quarter valued at approximately $5,410,000. Bright Futures Wealth Management LLC. purchased a new stake in Kaiser Aluminum in the 3rd quarter worth approximately $908,000. Finally, American Century Companies Inc. grew its stake in shares of Kaiser Aluminum by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after purchasing an additional 52,512 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $181.73 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of 19.80 and a beta of 1.60. Kaiser Aluminum Corporation has a twelve month low of $71.44 and a twelve month high of $195.22. The company’s 50-day moving average price is $175.05 and its 200-day moving average price is $142.60. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

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

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 33.55%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KALU. Wells Fargo & Company increased their target price 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. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. UBS Group began coverage on Kaiser Aluminum in a report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective on the stock. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, KeyCorp increased their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.50.

Insider Activity at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total transaction of $866,450.00. Following the transaction, the chief financial officer owned 19,091 shares in the company, valued at $3,308,279.39. The trade was a 20.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard P. Grimley sold 1,524 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total transaction of $261,396.48. Following the transaction, the director directly owned 4,578 shares in the company, valued at approximately $785,218.56. The trade was a 24.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,731 shares of company stock valued at $12,529,097 in the last three months. Company 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.