Sterling Capital Management LLC Trims Position in Kaiser Aluminum Corporation $KALU

Sterling Capital Management LLC reduced its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 92.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 308 shares of the industrial products company’s stock after selling 3,632 shares during the period. Sterling Capital Management LLC’s holdings in Kaiser Aluminum were worth $37,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 218 shares during the period. Global Retirement Partners LLC increased its stake 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 worth $42,000 after acquiring an additional 294 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Kaiser Aluminum by 475.0% in 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 during the period. Quantbot Technologies LP acquired a new position in shares of Kaiser Aluminum in the 2nd quarter valued at $44,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Kaiser Aluminum during the 4th quarter worth $68,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on KALU. UBS Group upped their target price on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday. KeyCorp upped their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. 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. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Finally, Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $165.50.

Insider Buying and Selling at Kaiser Aluminum

In other news, CEO Keith Harvey sold 3,031 shares of the company’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $173.13, for a total transaction of $524,757.03. Following the sale, the chief executive officer owned 94,308 shares of the company’s stock, valued at approximately $16,327,544.04. This represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total value of $866,450.00. Following the completion of the sale, the chief financial officer owned 19,091 shares in the company, valued at approximately $3,308,279.39. The trade was a 20.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 71,731 shares of company stock valued at $12,529,097. Insiders own 1.30% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of Kaiser Aluminum stock opened at $159.89 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 17.42 and a beta of 1.59. The business has a 50-day moving average of $178.79 and a 200 day moving average of $147.61. Kaiser Aluminum Corporation has a 12 month low of $71.44 and a 12 month high of $195.96.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $1.78. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. As a group, sell-side analysts forecast that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

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.