14,813 Shares in Kaiser Aluminum Corporation $KALU Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 14,813 shares of the industrial products company’s stock, valued at approximately $1,785,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KALU. Royal Bank of Canada increased its position in 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 worth $352,000 after buying an additional 3,955 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kaiser Aluminum in the first quarter valued at approximately $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Kaiser Aluminum by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 worth $2,544,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of 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 worth $3,346,000 after acquiring an additional 42,160 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, Director Richard P. Grimley sold 1,524 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total value of $261,396.48. Following the sale, the director owned 4,578 shares of the company’s stock, valued at $785,218.56. The trade was a 24.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Iulian Gheorghe sold 175 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the transaction, the senior vice president owned 4,448 shares of the company’s stock, valued at approximately $774,930.56. This represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is currently owned by company insiders.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU opened at $162.96 on Friday. The firm has a market capitalization of $2.66 billion, a PE ratio of 17.75 and a beta of 1.59. 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 1-year low of $71.44 and a 1-year high of $195.96. The business’s 50 day moving average is $179.04 and its 200-day moving average is $147.52.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78. The business had revenue of $1.11 billion during 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%.Kaiser Aluminum’s revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. Sell-side analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KALU has been the subject of several research analyst reports. KeyCorp upped their target price on shares of 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 shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Zacks Research downgraded shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. restated an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaiser Aluminum currently has an average rating of “Hold” and a consensus price target of $165.50.

About Kaiser Aluminum

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.