JPMorgan Chase & Co. Buys 15,528 Shares of Kaiser Aluminum Corporation $KALU

JPMorgan Chase & Co. lifted its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 24.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 79,701 shares of the industrial products company’s stock after buying an additional 15,528 shares during the period. JPMorgan Chase & Co.’s holdings in Kaiser Aluminum were worth $6,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in Kaiser Aluminum by 31.9% during the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after acquiring an additional 279,231 shares during the period. Dimensional Fund Advisors LP increased its stake in Kaiser Aluminum by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company’s stock worth $63,095,000 after purchasing an additional 4,743 shares during the period. American Century Companies Inc. lifted its position in Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after purchasing an additional 52,512 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Kaiser Aluminum by 1.1% during the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after purchasing an additional 5,623 shares during the period. Finally, Tributary Capital Management LLC boosted its stake in shares of Kaiser Aluminum by 92.5% during the third quarter. Tributary Capital Management LLC now owns 500,418 shares of the industrial products company’s stock valued at $38,612,000 after purchasing an additional 240,518 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $120.51 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.95 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.95 billion, a PE ratio of 17.77 and a beta of 1.37. The business has a 50 day moving average of $127.28 and a 200 day moving average of $107.94. Kaiser Aluminum Corporation has a 52 week low of $46.81 and a 52 week high of $150.00.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share 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 company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $902.00 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, equities research analysts forecast that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders 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 2.6%. Kaiser Aluminum’s dividend payout ratio is 45.43%.

Wall Street Analyst Weigh In

Several research analysts recently commented on KALU shares. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wells Fargo & Company increased their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Wall Street Zen lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.67.

Insider Activity

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% 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.