20,369 Shares in Kaiser Aluminum Corporation $KALU Purchased by Harvest Investment Advisors LLC

Harvest Investment Advisors LLC bought a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 20,369 shares of the industrial products company’s stock, valued at approximately $2,340,000. Kaiser Aluminum comprises 1.3% of Harvest Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mangrove Partners IM LLC acquired a new stake in Kaiser Aluminum during the fourth quarter worth about $605,000. Squarepoint Ops LLC acquired a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $4,406,000. Verition Fund Management LLC grew its holdings in Kaiser Aluminum by 174.5% in the fourth quarter. Verition Fund Management LLC now owns 13,440 shares of the industrial products company’s stock valued at $1,544,000 after purchasing an additional 8,543 shares during the period. Panagora Asset Management Inc. grew its holdings in Kaiser Aluminum by 664.2% in the fourth quarter. Panagora Asset Management Inc. now owns 29,047 shares of the industrial products company’s stock valued at $3,336,000 after purchasing an additional 25,246 shares during the period. Finally, MML Investors Services LLC acquired a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $350,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on KALU. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group began coverage on Kaiser Aluminum in a report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective on the stock. Wells Fargo & Company raised their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaiser Aluminum currently has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Insiders Place Their Bets

In other news, SVP Iulian Gheorghe sold 175 shares of the firm’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 value of $30,488.50. Following the transaction, the senior vice president owned 4,448 shares in the company, valued at $774,930.56. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard P. Grimley sold 1,524 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 4,578 shares in the company, valued at approximately $785,218.56. This trade represents a 24.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is owned by corporate insiders.

Kaiser Aluminum Stock Performance

NASDAQ KALU opened at $181.72 on Wednesday. The company has a market cap of $2.97 billion, a PE ratio of 19.80 and a beta of 1.60. The stock’s 50 day simple moving average is $169.13 and its 200-day simple moving average is $138.62. Kaiser Aluminum Corporation has a 1-year low of $71.44 and a 1-year high of $195.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $1.96 by $1.78. The business had revenue of $1.11 billion for 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 business’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. As a group, equities research analysts anticipate that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 33.55%.

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.