Sterling Capital Management LLC Decreases Stock Holdings in Kaiser Aluminum Corporation $KALU

Sterling Capital Management LLC lessened its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 92.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308 shares of the industrial products company’s stock after selling 3,632 shares during the quarter. Sterling Capital Management LLC’s holdings in Kaiser Aluminum were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Kaiser Aluminum by 212.6% in the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 3,955 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Kaiser Aluminum during the first quarter worth approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kaiser Aluminum by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 397 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Kaiser Aluminum by 2.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Kaiser Aluminum by 323.6% in the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after purchasing an additional 42,160 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the firm’s 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 transaction, the chief financial officer directly owned 19,091 shares of the company’s stock, valued at approximately $3,308,279.39. This trade represents a 20.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the completion of the transaction, the director owned 9,887 shares in the company, valued at approximately $1,724,688.28. This represents a 60.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 Trading Down 1.9%

KALU opened at $159.89 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.47 and a debt-to-equity ratio of 1.28. Kaiser Aluminum Corporation has a 52 week low of $71.44 and a 52 week high of $195.96. The business’s 50 day moving average is $178.79 and its two-hundred day moving average is $147.61. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 17.42 and a beta of 1.59.

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

Analyst Ratings Changes

Several equities analysts have commented on KALU shares. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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. UBS Group lifted their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company reissued an “underweight” rating and issued a $158.00 price target on shares of Kaiser Aluminum in a research report on Thursday. Finally, KeyCorp boosted their price target on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.50.

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.