Gabelli Funds LLC Sells 21,101 Shares of Kaiser Aluminum Corporation $KALU

Gabelli Funds LLC trimmed its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 33.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,638 shares of the industrial products company’s stock after selling 21,101 shares during the period. Gabelli Funds LLC owned about 0.26% of Kaiser Aluminum worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of KALU. First National Bank of Omaha bought a new stake in shares of Kaiser Aluminum during the third quarter worth $603,000. AlphaQuest LLC lifted its position in Kaiser Aluminum by 1,096.2% in the 3rd quarter. AlphaQuest LLC now owns 22,453 shares of the industrial products company’s stock valued at $1,732,000 after acquiring an additional 20,576 shares in the last quarter. Citigroup Inc. boosted its stake in Kaiser Aluminum by 127.3% in the 3rd quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after purchasing an additional 19,294 shares during the period. Deprince Race & Zollo Inc. bought a new position in Kaiser Aluminum during the 3rd quarter worth about $2,464,000. Finally, Bright Futures Wealth Management LLC. bought a new position in Kaiser Aluminum during the 3rd quarter worth about $908,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO Neal E. West sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This represents a 28.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Kaiser Aluminum Trading Up 1.2%

Kaiser Aluminum stock opened at $125.09 on Wednesday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 18.45 and a beta of 1.37. The firm has a 50-day moving average of $129.49 and a 200-day moving average of $103.78. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.95 and a quick ratio of 1.26. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $150.00.

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

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 23rd were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $3.08 annualized dividend and a dividend yield of 2.5%. Kaiser Aluminum’s payout ratio is 45.43%.

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.