1492 Capital Management LLC Increases Stake in Kaiser Aluminum Corporation $KALU

1492 Capital Management LLC boosted its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 11.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 43,461 shares of the industrial products company’s stock after buying an additional 4,518 shares during the period. Kaiser Aluminum accounts for 2.0% of 1492 Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. 1492 Capital Management LLC’s holdings in Kaiser Aluminum were worth $5,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Kaiser Aluminum by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock valued at $243,249,000 after acquiring an additional 5,823 shares in the last quarter. State Street Corp boosted its stake in shares of Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after buying an additional 279,231 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Kaiser Aluminum by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after buying an additional 13,909 shares in the last quarter. American Century Companies Inc. grew its position in shares of Kaiser Aluminum by 9.8% during the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after buying an additional 52,512 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Kaiser Aluminum by 1.1% during the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after buying an additional 5,623 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Transactions at Kaiser Aluminum

In related news, Director Richard P. Grimley sold 1,524 shares of the stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total value of $261,396.48. Following the transaction, the director directly owned 4,578 shares of the company’s stock, valued at $785,218.56. This trade represents a 24.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the sale, the director owned 9,887 shares in the company, valued at $1,724,688.28. This represents a 60.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 71,731 shares of company stock worth $12,529,097. Insiders own 1.30% of the company’s stock.

Kaiser Aluminum Price Performance

KALU stock opened at $187.17 on Friday. The business has a 50 day moving average price of $176.03 and a 200 day moving average price of $142.91. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 20.39 and a beta of 1.60. Kaiser Aluminum Corporation has a fifty-two week low of $71.44 and a fifty-two week high of $195.22.

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. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. During the same period in the prior year, the firm posted $1.44 earnings per share. The firm’s revenue was up 42.4% on a year-over-year basis. Equities research analysts anticipate that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $0.77 dividend. The ex-dividend date was Friday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.6%. Kaiser Aluminum’s dividend payout ratio is presently 33.55%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KALU. KeyCorp raised their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Wells Fargo & Company lifted 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 report on Wednesday, April 15th. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.50.

Kaiser Aluminum Company 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.