NFJ Investment Group LLC Has $14.17 Million Position in Kaiser Aluminum Corporation $KALU

NFJ Investment Group LLC lowered its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,336 shares of the industrial products company’s stock after selling 4,268 shares during the quarter. NFJ Investment Group LLC owned about 0.76% of Kaiser Aluminum worth $14,166,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KALU. Royal Bank of Canada lifted its stake in Kaiser Aluminum by 212.6% during the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 3,955 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Kaiser Aluminum in the 1st quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kaiser Aluminum by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after buying an additional 397 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kaiser Aluminum by 2.7% in the 1st 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 valued at $2,544,000 after buying an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Kaiser Aluminum by 323.6% in the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after buying an additional 42,160 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Brett Wilcox sold 15,000 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $174.44, for a total transaction of $2,616,600.00. Following the sale, the director directly owned 9,887 shares in the company, valued at $1,724,688.28. This represents a 60.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $174.22, for a total value of $30,488.50. Following the sale, the senior vice president owned 4,448 shares in the company, valued at approximately $774,930.56. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on KALU. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group began coverage on shares of Kaiser Aluminum in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective for the company. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Finally, KeyCorp increased their price objective 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. One equities 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $159.50.

Kaiser Aluminum Trading Up 1.6%

Shares of Kaiser Aluminum stock opened at $190.63 on Friday. Kaiser Aluminum Corporation has a 52-week low of $71.44 and a 52-week high of $194.43. The stock’s 50-day simple moving average is $167.10 and its 200 day simple moving average is $137.09. The stock has a market capitalization of $3.11 billion, a P/E ratio of 20.77 and a beta of 1.60. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly 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. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. During the same period in the prior year, the business posted $1.44 earnings per share. The company’s revenue was up 42.4% on a year-over-year basis. As a group, research analysts anticipate that Kaiser Aluminum Corporation will post 8.69 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.6%. Kaiser Aluminum’s dividend payout ratio is currently 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.