Sheets Smith Wealth Management Buys New Position in Kaiser Aluminum Corporation $KALU

Sheets Smith Wealth Management purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,489 shares of the industrial products company’s stock, valued at approximately $630,000.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Kaiser Aluminum by 212.6% in the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after acquiring an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Kaiser Aluminum during the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kaiser Aluminum by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after purchasing an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kaiser Aluminum by 2.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 1,084 shares during the period. Finally, Jane Street Group LLC grew its position in Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after purchasing an additional 42,160 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This represents a 28.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. Wells Fargo & Company boosted their price target on Kaiser Aluminum from $120.00 to $125.00 and gave the company 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 report on Tuesday, February 17th. Finally, Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.67.

Kaiser Aluminum Price Performance

NASDAQ:KALU opened at $131.62 on Friday. The company has a 50-day moving average of $127.33 and a 200-day moving average of $108.86. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39. 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.

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

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio is currently 45.43%.

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.