Inspire Investing LLC Sells 10,247 Shares of Kaiser Aluminum Corporation $KALU

Inspire Investing LLC lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 92.0% during the 1st quarter, Holdings Channel reports. The firm owned 892 shares of the industrial products company’s stock after selling 10,247 shares during the quarter. Inspire Investing LLC’s holdings in Kaiser Aluminum were worth $108,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 218 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after buying an additional 294 shares during the period. Quantbot Technologies LP purchased a new position in Kaiser Aluminum during the second quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC raised its stake in Kaiser Aluminum by 130.9% in the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after buying an additional 343 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Down 1.4%

NASDAQ:KALU opened at $176.36 on Tuesday. The company’s 50 day moving average is $179.50 and its two-hundred day moving average is $146.36. The company has a market cap of $2.88 billion, a PE ratio of 19.21 and a beta of 1.59. Kaiser Aluminum Corporation has a twelve month low of $71.44 and a twelve month high of $195.96. 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 announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The business’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. Analysts anticipate that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Announces Dividend

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

Insider Activity

In other 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 sale, the director owned 4,578 shares in the company, valued at $785,218.56. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the sale, the senior vice president directly owned 4,448 shares in the company, valued at approximately $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company increased their target price on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. KeyCorp lifted their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group assumed coverage on shares of Kaiser Aluminum in a research note on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Finally, Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kaiser Aluminum presently has an average rating of “Hold” and an average price target of $159.50.

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.