Kingsview Wealth Management LLC Invests $408,000 in Kaiser Aluminum Corporation $KALU

Kingsview Wealth Management LLC bought a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,550 shares of the industrial products company’s stock, valued at approximately $408,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Kaiser Aluminum during the fourth quarter worth approximately $5,018,000. Citigroup Inc. raised its position in shares of Kaiser Aluminum by 127.3% during the third quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after purchasing an additional 19,294 shares during the period. First National Bank of Omaha acquired a new position in shares of Kaiser Aluminum during the third quarter worth approximately $603,000. Bright Futures Wealth Management LLC. acquired a new position in shares of Kaiser Aluminum during the third quarter worth approximately $908,000. Finally, American Century Companies Inc. raised its position in shares of Kaiser Aluminum by 9.8% during the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after purchasing an additional 52,512 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 2.1%

NASDAQ KALU opened at $186.33 on Thursday. Kaiser Aluminum Corporation has a 12 month low of $71.44 and a 12 month high of $194.43. The firm has a market capitalization of $3.04 billion, a P/E ratio of 20.30 and a beta of 1.60. The business has a fifty day simple moving average of $158.14 and a 200 day simple moving average of $132.90. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. During the same period last year, the firm posted $1.44 EPS. The business’s revenue was up 42.4% compared to the same quarter last year. On average, analysts predict that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 33.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KALU. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. KeyCorp increased their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company increased their price target on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.50.

Insider Activity

In other news, SVP Iulian Gheorghe sold 175 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the sale, the senior vice president directly owned 4,448 shares of the company’s stock, valued at $774,930.56. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Keith Harvey sold 3,031 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $173.13, for a total value of $524,757.03. Following the transaction, the chief executive officer owned 94,308 shares of the company’s stock, valued at $16,327,544.04. The trade was a 3.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is owned by insiders.

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.