Kaiser Aluminum Corporation $KALU Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,787 shares of the industrial products company’s stock after selling 9,688 shares during the period. Fisher Asset Management LLC owned about 0.85% of Kaiser Aluminum worth $10,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada grew its position in shares of Kaiser Aluminum by 212.6% in the 1st 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 in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Kaiser Aluminum during the first quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kaiser Aluminum by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $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 first 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 worth $2,544,000 after purchasing an additional 1,084 shares during the period. Finally, Jane Street Group LLC increased its stake in Kaiser Aluminum by 323.6% during 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 purchasing an additional 42,160 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Insider Activity

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the transaction, the chief financial officer 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 legal filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Kaiser Aluminum Trading Down 1.4%

Shares of KALU stock opened at $130.76 on Thursday. The stock has a 50-day simple moving average of $128.96 and a 200 day simple moving average of $102.23. The stock has a market capitalization of $2.12 billion, a P/E ratio of 19.29 and a beta of 1.37. Kaiser Aluminum Corporation has a fifty-two week low of $46.81 and a fifty-two week high of $150.00. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 EPS 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 firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $902.00 million. During the same period in the prior year, the company posted $0.33 earnings per share. Kaiser Aluminum’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, sell-side analysts expect that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

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

Analyst Ratings Changes

KALU has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Wells Fargo & Company raised their target price 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. Finally, Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. One equities research 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. According to MarketBeat.com, Kaiser Aluminum has a consensus rating of “Moderate Buy” and an average price target of $107.67.

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.