Covestor Ltd Has $672,000 Holdings in Kaiser Aluminum Corporation $KALU

Covestor Ltd increased its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 584,300.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,844 shares of the industrial products company’s stock after purchasing an additional 5,843 shares during the quarter. Kaiser Aluminum accounts for approximately 0.4% of Covestor Ltd’s investment portfolio, making the stock its 29th largest position. Covestor Ltd’s holdings in Kaiser Aluminum were worth $672,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in Kaiser Aluminum by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 97 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Kaiser Aluminum by 52.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,363 shares of the industrial products company’s stock valued at $731,000 after buying an additional 2,183 shares in the last quarter. Bailard Inc. acquired a new stake in Kaiser Aluminum in the fourth quarter valued at about $321,000. Horizon Investments LLC bought a new position in Kaiser Aluminum in the fourth quarter valued at about $664,000. Finally, New York State Teachers Retirement System raised its stake in Kaiser Aluminum by 36.4% during the fourth quarter. New York State Teachers Retirement System now owns 5,765 shares of the industrial products company’s stock worth $662,000 after acquiring an additional 1,538 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. KeyCorp increased their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Wells Fargo & Company raised their target price 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. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kaiser Aluminum presently has an average rating of “Moderate Buy” and an average price target of $159.50.

Insider Transactions at Kaiser Aluminum

In other news, Director Brett Wilcox sold 15,000 shares of the firm’s 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 of the company’s stock, valued at approximately $1,724,688.28. This trade represents a 60.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keith Harvey sold 47,001 shares of Kaiser Aluminum stock in a transaction on Monday, April 27th. The stock was sold at an average price of $175.09, for a total transaction of $8,229,405.09. Following the transaction, the chief executive officer owned 97,339 shares in the company, valued at approximately $17,043,085.51. This trade represents a 32.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 76,731 shares of company stock worth $13,137,697. 1.30% of the stock is currently owned by insiders.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock opened at $163.00 on Wednesday. The stock has a 50-day moving average price of $144.36 and a two-hundred day moving average price of $126.08. Kaiser Aluminum Corporation has a 12 month low of $68.22 and a 12 month high of $183.00. The company has a market capitalization of $2.66 billion, a PE ratio of 17.76 and a beta of 1.60. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.78. The company 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 firm’s revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Analysts expect that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s payout ratio is presently 33.55%.

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.