Cookson Peirce & Co. Inc. Invests $1.15 Million in Kaiser Aluminum Corporation $KALU

Cookson Peirce & Co. Inc. purchased a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,002 shares of the industrial products company’s stock, valued at approximately $1,149,000.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Kaiser Aluminum during the 4th quarter worth approximately $5,018,000. Citigroup Inc. boosted its stake in shares of Kaiser Aluminum by 127.3% during the 3rd quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after acquiring an additional 19,294 shares in the last quarter. First National Bank of Omaha purchased a new stake in shares of Kaiser Aluminum during the 3rd quarter worth approximately $603,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Kaiser Aluminum during the 3rd quarter worth approximately $908,000. Finally, American Century Companies Inc. boosted its stake in shares of Kaiser Aluminum by 9.8% during the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after acquiring an additional 52,512 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

KALU stock opened at $176.90 on Monday. Kaiser Aluminum Corporation has a 1 year low of $71.44 and a 1 year high of $194.43. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47. The stock’s 50 day moving average price is $160.78 and its 200 day moving average price is $134.18. The firm has a market cap of $2.89 billion, a P/E ratio of 19.27 and a beta of 1.60.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $948.50 million. During the same quarter in the prior year, the company earned $1.44 EPS. Kaiser Aluminum’s revenue was up 42.4% on a year-over-year basis. On average, sell-side analysts expect that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $0.77 dividend. The ex-dividend date was Friday, April 24th. This represents a $3.08 annualized dividend and a yield of 1.7%. Kaiser Aluminum’s payout ratio is 33.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KALU shares. Wells Fargo & Company boosted their price target on Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. KeyCorp upped their target price on 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 raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $159.50.

Insider Buying and Selling

In other Kaiser Aluminum news, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total value of $866,450.00. Following the completion of the transaction, the chief financial officer directly owned 19,091 shares in the company, valued at approximately $3,308,279.39. The trade was a 20.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brett Wilcox sold 15,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $174.44, for a total value of $2,616,600.00. Following the completion of the transaction, the director owned 9,887 shares of the company’s stock, valued at $1,724,688.28. This trade represents a 60.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,731 shares of company stock worth $12,529,097 in the last three months. 1.30% of the stock is currently owned by insiders.

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.