Mitsubishi UFJ Trust & Banking Corp Makes New $408,000 Investment in Kaiser Aluminum Corporation $KALU

Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,551 shares of the industrial products company’s stock, valued at approximately $408,000.

Several other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $291,000. Pictet Asset Management Holding SA acquired a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $239,000. Cornerstone Investment Partners LLC acquired a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $220,000. Vanguard Group Inc. increased its position in shares of Kaiser Aluminum by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after purchasing an additional 5,823 shares during the last quarter. Finally, First Horizon Corp increased its position in shares of Kaiser Aluminum by 120.5% during the 4th quarter. First Horizon Corp now owns 774 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Stock Up 2.6%

KALU stock opened at $180.42 on Thursday. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.95 billion, a PE ratio of 19.65 and a beta of 1.60. Kaiser Aluminum Corporation has a 1-year low of $65.69 and a 1-year high of $183.00. The business’s 50 day simple moving average is $136.35 and its 200 day simple moving average is $120.55.

Kaiser Aluminum (NASDAQ:KALU) last posted its 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm’s revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. As a group, research analysts anticipate that Kaiser Aluminum Corporation will post 7.85 EPS for the current year.

Kaiser Aluminum Announces Dividend

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

Insider Buying and Selling at Kaiser Aluminum

In related news, Director Richard P. Grimley sold 1,524 shares of the business’s 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 of the company’s stock, valued at approximately $785,218.56. The trade was a 24.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett Wilcox sold 15,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,724,688.28. The trade was a 60.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,731 shares of company stock worth $13,137,697 in the last three months. 1.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KALU has been the topic of several recent analyst reports. Zacks Research lowered Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. KeyCorp boosted their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, UBS Group assumed coverage on Kaiser Aluminum in a research report on Tuesday. They set a “neutral” rating and a $176.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kaiser Aluminum has a consensus rating of “Hold” and a consensus price target of $159.50.

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.