Kaiser Aluminum Corporation $KALU Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 88.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,024 shares of the industrial products company’s stock after selling 60,061 shares during the period. Intech Investment Management LLC’s holdings in Kaiser Aluminum were worth $922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Kaiser Aluminum by 18.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 73 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after buying an additional 97 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kaiser Aluminum by 20.0% in the 4th quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock valued at $72,000 after buying an additional 105 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Kaiser Aluminum by 1.2% in the 4th quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock valued at $1,014,000 after buying an additional 109 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of Kaiser Aluminum by 4.0% in the 3rd quarter. Creative Planning now owns 4,680 shares of the industrial products company’s stock valued at $361,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

KALU has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. UBS Group initiated coverage on shares of Kaiser Aluminum in a report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 target price for the company. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Wells Fargo & Company upped their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.50.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $176.90 on Monday. The stock has a market cap of $2.89 billion, a P/E ratio of 19.27 and a beta of 1.60. The firm has a fifty day moving average price of $160.78 and a 200 day moving average price of $134.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. Kaiser Aluminum Corporation has a 1-year low of $71.44 and a 1-year high of $194.43.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. Kaiser Aluminum’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 EPS. Sell-side analysts predict that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

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

Insider Activity

In related news, CFO Neal E. West sold 5,000 shares of the stock in a transaction on Tuesday, April 28th. The shares were 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. This represents a 20.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brett Wilcox sold 15,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the sale, the director owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. This represents a 60.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 71,731 shares of company stock worth $12,529,097 over the last 90 days. 1.30% of the stock is owned by corporate 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.