Fisher Asset Management LLC Purchases 19,291 Shares of Kaiser Aluminum Corporation $KALU

Fisher Asset Management LLC boosted its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,078 shares of the industrial products company’s stock after purchasing an additional 19,291 shares during the period. Fisher Asset Management LLC’s holdings in Kaiser Aluminum were worth $18,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in KALU. State Street Corp lifted 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 purchasing an additional 279,231 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Kaiser Aluminum during the 3rd quarter valued at about $13,111,000. Raymond James Financial Inc. lifted its holdings in Kaiser Aluminum by 211.2% during the 2nd quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock valued at $6,596,000 after purchasing an additional 56,028 shares during the last quarter. American Century Companies Inc. lifted its holdings in Kaiser Aluminum by 9.8% during the 3rd 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. Finally, Arrowstreet Capital Limited Partnership increased its position in Kaiser Aluminum by 192.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 70,336 shares of the industrial products company’s stock valued at $5,427,000 after acquiring an additional 46,269 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Up 0.8%

Kaiser Aluminum stock opened at $187.03 on Thursday. The company’s 50 day simple moving average is $150.93 and its 200 day simple moving average is $129.70. Kaiser Aluminum Corporation has a fifty-two week low of $71.44 and a fifty-two week high of $187.27. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 20.37 and a beta of 1.60. 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 (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $1.96 by $1.78. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. During the same quarter last year, the firm earned $1.44 EPS. Kaiser Aluminum’s quarterly revenue was up 42.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed 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 of this dividend was Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.6%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 33.55%.

Insider Buying and Selling at Kaiser Aluminum

In related news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction that occurred 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 transaction, the chief financial officer owned 19,091 shares of the company’s stock, valued at $3,308,279.39. This trade represents a 20.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard P. Grimley sold 1,524 shares of Kaiser Aluminum stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total transaction of $261,396.48. Following the transaction, the director directly owned 4,578 shares in the company, valued at $785,218.56. The trade was a 24.98% 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 ninety days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KALU has been the subject of several research reports. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Wells Fargo & Company raised their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Kaiser Aluminum Company 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.