Bright Futures Wealth Management LLC. Makes New $908,000 Investment in Kaiser Aluminum Corporation $KALU

Bright Futures Wealth Management LLC. purchased a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,768 shares of the industrial products company’s stock, valued at approximately $908,000. Bright Futures Wealth Management LLC. owned 0.07% of Kaiser Aluminum at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. First Horizon Corp bought a new position in Kaiser Aluminum during the 3rd quarter worth $27,000. Hantz Financial Services Inc. grew its position in shares of Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 worth $33,000 after acquiring an additional 342 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Kaiser Aluminum in the 2nd quarter worth about $44,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 valued at $48,000 after purchasing an additional 343 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.7%

Kaiser Aluminum stock opened at $130.14 on Monday. The company has a 50 day moving average price of $127.99 and a 200 day moving average price of $101.21. Kaiser Aluminum Corporation has a 52 week low of $46.81 and a 52 week high of $150.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 19.19 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.03). The business had revenue of $929.00 million during the quarter, compared to analyst estimates of $902.00 million. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. Research analysts forecast that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 45.43%.

Insider Buying and Selling

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the transaction, the chief financial officer owned 12,775 shares in the company, valued at approximately $1,554,973. This represents a 28.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

KALU has been the topic of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a research report on Monday, December 29th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Wall Street Zen cut shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company increased their target price on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Kaiser Aluminum currently has an average rating of “Moderate Buy” and an average price target of $107.67.

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.