Kaiser Aluminum Corporation $KALU Shares Acquired by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 127.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,456 shares of the industrial products company’s stock after purchasing an additional 19,294 shares during the period. Citigroup Inc. owned 0.21% of Kaiser Aluminum worth $2,659,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after buying an additional 279,231 shares during the period. Tributary Capital Management LLC raised its stake in Kaiser Aluminum by 92.5% during the third quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock worth $38,612,000 after acquiring an additional 240,518 shares during the period. Gabelli Funds LLC bought a new position in Kaiser Aluminum in the second quarter worth about $5,013,000. Raymond James Financial Inc. lifted its holdings in Kaiser Aluminum by 211.2% in the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after acquiring an additional 56,028 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Kaiser Aluminum by 323.6% in the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after acquiring an additional 42,160 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Trading Down 2.5%

NASDAQ:KALU 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. Kaiser Aluminum Corporation has a 1 year low of $46.81 and a 1 year high of $150.00. The business has a fifty day moving average of $129.24 and a 200-day moving average of $102.73.

Kaiser Aluminum (NASDAQ:KALU) last announced its 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 net margin of 3.34% and a return on equity of 12.69%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Equities analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $3.08 annualized dividend and a yield of 2.5%. Kaiser Aluminum’s payout ratio is presently 45.43%.

Insider Buying and Selling

In other news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer owned 12,775 shares in the company, valued at $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. Wall Street Zen lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Wells Fargo & Company upped their price objective on Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. raised their target price on Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.