Independent Financial Group LLC Takes Position in Kaiser Aluminum Corporation $KALU

Independent Financial Group LLC bought a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) during the 1st quarter, HoldingsChannel reports. The fund bought 3,200 shares of the industrial products company’s stock, valued at approximately $386,000.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 218 shares during the last quarter. Global Retirement Partners LLC boosted its position in Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after buying an additional 294 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after buying an additional 342 shares during the last quarter. Quantbot Technologies LP bought a new stake in Kaiser Aluminum during the second quarter worth about $44,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Kaiser Aluminum during the fourth quarter worth approximately $68,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 9.7%

KALU opened at $163.17 on Friday. Kaiser Aluminum Corporation has a 1-year low of $71.44 and a 1-year high of $195.96. The stock has a market capitalization of $2.67 billion, a PE ratio of 12.10 and a beta of 1.59. The company has a current ratio of 2.50, a quick ratio of 1.14 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $176.05 and a two-hundred day moving average price of $150.82.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a net margin of 5.49% and a return on equity of 24.71%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business earned $1.21 earnings per share. Kaiser Aluminum’s quarterly revenue was up 52.7% on a year-over-year basis. As a group, equities analysts anticipate that Kaiser Aluminum Corporation will post 9.11 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, July 24th. Kaiser Aluminum’s payout ratio is 22.83%.

Insider Transactions at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total transaction of $866,450.00. Following the completion of the sale, the chief financial officer owned 19,091 shares in the company, valued at $3,308,279.39. The trade was a 20.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brett Wilcox sold 15,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total value of $2,616,600.00. Following the transaction, the director directly owned 9,887 shares in the company, valued at $1,724,688.28. This trade represents a 60.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 71,731 shares of company stock worth $12,529,097. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KALU. Zacks Research cut shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday. UBS Group raised their price target on Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wall Street Zen downgraded Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, KeyCorp boosted their price objective on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $168.25.

Kaiser Aluminum News Roundup

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Kaiser Aluminum’s Q2 results topped expectations, with earnings of $5.53 per share well above consensus and revenue also exceeding forecasts, reinforcing a strong operational turnaround. Article Title
• Positive Sentiment: Analysts and earnings-call coverage highlighted strong earnings momentum and an upbeat full-year outlook, which likely helped extend the post-earnings rally in KALU. Article Title
• Positive Sentiment: Coverage of the company’s earnings call emphasized record revenue and strong profitability, suggesting the quarter was not just a beat but also a sign of durable improvement in demand and margins. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Kaiser Aluminum to $169 from $158, but kept an underweight rating, signaling improved valuation expectations while remaining cautious on the stock’s longer-term setup. Article Title

About Kaiser Aluminum

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.