Kaiser Aluminum Corporation $KALU Holdings Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,803 shares of the industrial products company’s stock after selling 2,773 shares during the period. Hsbc Holdings PLC’s holdings in Kaiser Aluminum were worth $1,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KALU. Royal Bank of Canada grew its stake in shares of Kaiser Aluminum by 212.6% in the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 3,955 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Kaiser Aluminum in the first quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kaiser Aluminum by 2.7% during 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 period. Finally, Jane Street Group LLC increased its stake in Kaiser Aluminum by 323.6% during 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 period. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Performance

Shares of KALU opened at $184.74 on Thursday. The firm’s 50 day moving average is $178.49 and its 200-day moving average is $144.94. The stock has a market capitalization of $3.02 billion, a P/E ratio of 20.12 and a beta of 1.59. 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 Corporation has a 12-month low of $71.44 and a 12-month high of $195.96.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating the consensus estimate of $1.96 by $1.78. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The business’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 earnings per share. Equities research analysts anticipate that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business 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 of this dividend was Friday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 1.7%. Kaiser Aluminum’s dividend payout ratio is currently 33.55%.

Insider Activity at Kaiser Aluminum

In other news, SVP Iulian Gheorghe sold 175 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the completion of the sale, the senior vice president directly owned 4,448 shares of the company’s stock, valued at $774,930.56. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Keith Harvey sold 3,031 shares of Kaiser Aluminum stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $173.13, for a total value of $524,757.03. Following the completion of the transaction, the chief executive officer owned 94,308 shares in the company, valued at $16,327,544.04. The trade was a 3.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KALU has been the subject of a number of research analyst reports. KeyCorp upped their price target on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Wells Fargo & Company raised their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Zacks Research downgraded Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday. UBS Group began coverage on Kaiser Aluminum in a research note on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price target for the company. Finally, Wall Street Zen upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.50.

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.