Mangrove Partners IM LLC Makes New $605,000 Investment in Kaiser Aluminum Corporation $KALU

Mangrove Partners IM LLC purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,269 shares of the industrial products company’s stock, valued at approximately $605,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kaiser Aluminum by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after acquiring an additional 5,823 shares during the last quarter. State Street Corp lifted its position in shares of Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after purchasing an additional 279,231 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Kaiser Aluminum by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after purchasing an additional 13,909 shares during the period. American Century Companies Inc. lifted its position in shares of Kaiser Aluminum by 9.8% in the 3rd quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock worth $45,426,000 after purchasing an additional 52,512 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Kaiser Aluminum by 1.1% in the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after purchasing an additional 5,623 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 0.8%

Shares of NASDAQ KALU opened at $181.72 on Wednesday. Kaiser Aluminum Corporation has a 1 year low of $71.44 and a 1 year high of $195.22. The stock has a market cap of $2.97 billion, a P/E ratio of 19.80 and a beta of 1.60. The firm has a 50-day moving average of $169.13 and a 200 day moving average of $138.62. 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 issued its quarterly 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 net margin of 4.14% and a return on equity of 17.00%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $948.50 million. During the same period last year, the company posted $1.44 EPS. Kaiser Aluminum’s revenue was up 42.4% on a year-over-year basis. As a group, sell-side analysts expect that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on KALU shares. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. UBS Group started coverage on shares of Kaiser Aluminum in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 target price for the company. Wells Fargo & Company raised their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, KeyCorp raised their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kaiser Aluminum presently has an average rating of “Moderate Buy” and a consensus price target of $159.50.

Insider Activity at Kaiser Aluminum

In related news, CEO Keith Harvey sold 47,001 shares of Kaiser Aluminum stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $175.09, for a total transaction of $8,229,405.09. Following the completion of the transaction, the chief executive officer directly owned 97,339 shares of the company’s stock, valued at $17,043,085.51. This trade represents a 32.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $173.29, for a total transaction of $866,450.00. Following the completion of the transaction, the chief financial officer directly owned 19,091 shares of the company’s stock, valued at $3,308,279.39. This trade represents a 20.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 71,731 shares of company stock worth $12,529,097 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Kaiser Aluminum 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.