Hsbc Holdings PLC Trims Position in Kaiser Aluminum Corporation $KALU

Hsbc Holdings PLC decreased its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 19.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,803 shares of the industrial products company’s stock after selling 2,773 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Kaiser Aluminum worth $1,360,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Kaiser Aluminum by 389.3% during the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 342 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the period. Quantbot Technologies LP acquired a new stake in Kaiser Aluminum during the 2nd quarter worth approximately $44,000. Finally, Tower Research Capital LLC TRC increased its position in Kaiser Aluminum by 130.9% during the 2nd 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. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KALU. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. 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. Wells Fargo & Company raised their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, UBS Group initiated coverage on shares of Kaiser Aluminum in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $159.50.

Kaiser Aluminum Stock Down 5.6%

NASDAQ:KALU opened at $184.74 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 20.12 and a beta of 1.59. Kaiser Aluminum Corporation has a one year low of $71.44 and a one year high of $195.96. The stock has a 50-day simple moving average of $178.49 and a 200 day simple moving average of $144.94.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. Sell-side analysts predict that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

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

Insider Activity at Kaiser Aluminum

In other news, CEO Keith Harvey sold 3,031 shares of Kaiser Aluminum stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total value of $524,757.03. Following the completion of the transaction, the chief executive officer directly owned 94,308 shares of the company’s stock, valued at approximately $16,327,544.04. The trade was a 3.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $2,616,600.00. Following the completion of the transaction, the director owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. The trade was a 60.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,731 shares of company stock valued at $12,529,097 in the last ninety days. 1.30% of the stock is owned by insiders.

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.