American Century Companies Inc. Buys 52,512 Shares of Kaiser Aluminum Corporation $KALU

American Century Companies Inc. lifted its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 588,720 shares of the industrial products company’s stock after purchasing an additional 52,512 shares during the quarter. American Century Companies Inc. owned about 3.63% of Kaiser Aluminum worth $45,426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in Kaiser Aluminum by 103.4% during the third quarter. Intech Investment Management LLC now owns 68,085 shares of the industrial products company’s stock valued at $5,253,000 after buying an additional 34,611 shares during the last quarter. Citigroup Inc. increased its stake in Kaiser Aluminum by 127.3% in the 3rd quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after acquiring an additional 19,294 shares during the last quarter. First National Bank of Omaha bought a new stake in Kaiser Aluminum in the 3rd quarter worth approximately $603,000. GSA Capital Partners LLP raised its holdings in shares of Kaiser Aluminum by 10.5% during the 3rd quarter. GSA Capital Partners LLP now owns 7,878 shares of the industrial products company’s stock worth $608,000 after acquiring an additional 747 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Kaiser Aluminum by 24.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,701 shares of the industrial products company’s stock worth $6,150,000 after acquiring an additional 15,528 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $122.69 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.10 and a beta of 1.37. 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 stock has a 50 day moving average price of $129.24 and a 200-day moving average price of $102.73. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $150.00.

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

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is 45.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company increased their price objective 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. 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.67.

Insider Activity

In related news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $121.72, for a total transaction of $608,600.00. Following the completion of the transaction, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. The trade was a 28.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

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.