Kaiser Aluminum Corporation $KALU Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,386 shares of the industrial products company’s stock after acquiring an additional 5,460 shares during the period. Bridgeway Capital Management LLC’s holdings in Kaiser Aluminum were worth $14,402,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KALU. State Street Corp grew its stake in Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Kaiser Aluminum in the third quarter worth about $13,111,000. Brightline Capital Management LLC acquired a new position in Kaiser Aluminum in the fourth quarter worth about $19,296,000. Goldman Sachs Group Inc. grew its stake in Kaiser Aluminum by 111.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 179,781 shares of the industrial products company’s stock worth $20,650,000 after purchasing an additional 94,874 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Kaiser Aluminum by 211.2% in the second quarter. Raymond James Financial Inc. now owns 82,553 shares of the industrial products company’s stock worth $6,596,000 after purchasing an additional 56,028 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KALU. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. KeyCorp lifted their target price on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kaiser Aluminum currently has an average rating of “Moderate Buy” and an average target price of $159.50.

Insider Activity

In related news, SVP Iulian Gheorghe sold 175 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the sale, the senior vice president owned 4,448 shares of the company’s stock, valued at $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keith Harvey sold 3,031 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total transaction of $524,757.03. Following the completion of the sale, the chief executive officer directly owned 94,308 shares of the company’s stock, valued at $16,327,544.04. The trade was a 3.11% 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 valued at $12,529,097 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Kaiser Aluminum Stock Performance

KALU opened at $180.44 on Thursday. The business’s 50 day moving average is $170.13 and its 200-day moving average is $139.22. The stock has a market cap of $2.95 billion, a PE ratio of 19.66 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 Corporation has a twelve month low of $71.44 and a twelve month high of $195.22.

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, beating analysts’ consensus estimates of $1.96 by $1.78. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The business’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. On average, analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were issued 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 1.7%. 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.