Horizon Investments LLC Buys New Position in Kaiser Aluminum Corporation $KALU

Horizon Investments LLC bought a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 5,777 shares of the industrial products company’s stock, valued at approximately $664,000.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after buying an additional 279,231 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Kaiser Aluminum in the 3rd quarter worth approximately $13,111,000. Raymond James Financial Inc. lifted its holdings in shares of Kaiser Aluminum by 211.2% during the second 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 in the last quarter. American Century Companies Inc. lifted its stake 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 acquiring an additional 52,512 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Kaiser Aluminum by 192.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 70,336 shares of the industrial products company’s stock valued at $5,427,000 after purchasing an additional 46,269 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Stock Up 2.4%

KALU stock opened at $180.33 on Friday. Kaiser Aluminum Corporation has a one year low of $66.59 and a one year high of $183.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47. The firm has a market cap of $2.95 billion, a PE ratio of 19.64 and a beta of 1.60. The firm’s fifty day moving average is $137.31 and its 200 day moving average is $121.24.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $948.50 million. During the same quarter in the prior year, the firm posted $1.44 EPS. Kaiser Aluminum’s quarterly revenue was up 42.4% compared to the same quarter last year. On average, research analysts forecast that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders 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 dividend payout ratio is presently 33.55%.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, SVP Iulian Gheorghe sold 175 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.22, for a total value of $30,488.50. Following the transaction, the senior vice president owned 4,448 shares in the company, valued at approximately $774,930.56. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the transaction, the chief financial officer owned 12,775 shares in the company, valued at $1,554,973. The trade was a 28.13% 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 quarter. 1.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group assumed coverage on Kaiser Aluminum in a research note on Tuesday. They issued a “neutral” rating and a $176.00 price target on the stock. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Wells Fargo & Company boosted their price objective on 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. reiterated 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. Finally, Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.