Evolve Private Wealth LLC Makes New Investment in Kaiser Aluminum Corporation $KALU

Evolve Private Wealth LLC purchased a new stake in Kaiser Aluminum Corporation (NASDAQ:KALU) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 4,015 shares of the industrial products company’s stock, valued at approximately $484,000.

Several other hedge funds also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Kaiser Aluminum in the 4th quarter valued at approximately $5,018,000. Citigroup Inc. boosted its position 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 purchasing an additional 19,294 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Kaiser Aluminum in the 4th quarter valued at approximately $5,410,000. Bright Futures Wealth Management LLC. purchased a new stake in Kaiser Aluminum in the third quarter valued at approximately $908,000. Finally, American Century Companies Inc. raised its position in Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after purchasing an additional 52,512 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. 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. UBS Group started coverage on Kaiser Aluminum in a research report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kaiser Aluminum presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.50.

Kaiser Aluminum Trading Up 3.9%

NASDAQ:KALU opened at $181.73 on Friday. 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 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 stock has a 50-day simple moving average of $175.05 and a 200-day simple moving average of $142.60.

Kaiser Aluminum (NASDAQ:KALU) last announced 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. The firm had revenue of $1.11 billion during 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 firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.44 earnings per share. As a group, analysts anticipate that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend 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%.

Insider Transactions at Kaiser Aluminum

In other news, Director Brett Wilcox sold 15,000 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $174.44, for a total value of $2,616,600.00. Following the completion of the sale, the director directly owned 9,887 shares of the company’s stock, valued at approximately $1,724,688.28. The trade was a 60.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard P. Grimley sold 1,524 shares of the business’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 sale, the director owned 4,578 shares of the company’s stock, valued at approximately $785,218.56. This represents a 24.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 71,731 shares of company stock worth $12,529,097. Insiders own 1.30% of the company’s stock.

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.