Kaiser Aluminum Corporation $KALU is Icon Advisers Inc. Co.’s 6th Largest Position

Icon Advisers Inc. Co. reduced its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,391 shares of the industrial products company’s stock after selling 6,000 shares during the quarter. Kaiser Aluminum accounts for about 2.0% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 6th largest position. Icon Advisers Inc. Co. owned 0.69% of Kaiser Aluminum worth $8,595,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. First Horizon Corp bought a new position in shares of Kaiser Aluminum in the third quarter worth approximately $27,000. Hantz Financial Services Inc. lifted its position in Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 289 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Kaiser Aluminum by 475.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after buying an additional 342 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Kaiser Aluminum in the 2nd quarter worth $44,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Kaiser Aluminum by 130.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock valued at $48,000 after buying an additional 343 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In other Kaiser Aluminum news, 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 value of $608,600.00. Following the completion of the transaction, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. The trade was a 28.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KALU shares. Wells Fargo & Company upped their target price on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kaiser Aluminum in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Kaiser Aluminum has a consensus rating of “Moderate Buy” and a consensus target price of $107.67.

Kaiser Aluminum Stock Performance

KALU stock opened at $122.69 on Friday. The stock has a market capitalization of $1.99 billion, a PE ratio of 18.10 and a beta of 1.37. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $150.00. The company has a current ratio of 2.95, a quick ratio of 1.26 and a debt-to-equity ratio of 1.28. The stock’s 50 day simple moving average is $129.24 and its 200 day simple moving average is $102.73.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $902.00 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts forecast that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 45.43%.

Kaiser Aluminum Company 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.