Bridgeway Capital Management LLC Raises Position in Kaiser Aluminum Corporation $KALU

Bridgeway Capital Management LLC grew its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 125,386 shares of the industrial products company’s stock after purchasing an additional 5,460 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.77% of Kaiser Aluminum worth $14,402,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KALU. Farther Finance Advisors LLC lifted its stake in shares of Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 218 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kaiser Aluminum by 475.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 342 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the period. Quantbot Technologies LP purchased a new position in shares of Kaiser Aluminum during the 2nd quarter worth $44,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Kaiser Aluminum by 130.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after buying an additional 343 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.7%

NASDAQ:KALU opened at $180.44 on Thursday. The business’s 50-day moving average is $170.13 and its two-hundred day moving average is $139.22. 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 12 month low of $71.44 and a 12 month high of $195.22. The firm has a market capitalization of $2.95 billion, a PE ratio of 19.66 and a beta of 1.60.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. During the same period last year, the company posted $1.44 earnings per share. The firm’s revenue was up 42.4% compared to the same quarter last year. Research analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KALU. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Wells Fargo & Company increased their target price on Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, KeyCorp increased their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.50.

Insider Buying and Selling

In other Kaiser Aluminum news, Director Brett Wilcox sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was 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 of the company’s stock, valued at $1,724,688.28. This trade represents a 60.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Neal E. West sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $173.29, for a total value of $866,450.00. Following the sale, the chief financial officer owned 19,091 shares of the company’s stock, valued at $3,308,279.39. This represents a 20.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,731 shares of company stock valued at $12,529,097 over the last ninety days. Insiders own 1.30% of the company’s stock.

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.