12,999 Shares in Kaiser Aluminum Corporation $KALU Bought by AMG National Trust Bank

Key Points

• AMG National Trust Bank opened a new position in Kaiser Aluminum by buying 12,999 shares in Q4, worth about $1.49 million and representing roughly 0.08% ownership.
• Kaiser reported a strong quarter with $3.74 EPS (vs. $1.96 expected) and revenue of $1.11 billion, up 42.4% year-over-year and beating estimates.
• CFO Neal E. West sold 5,000 shares (a 28.13% reduction in his holdings), and the company declared a quarterly dividend of $0.77 per share (annualized $3.08, ~1.8% yield) payable May 15.

AMG National Trust Bank purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,999 shares of the industrial products company's stock, valued at approximately $1,493,000. AMG National Trust Bank owned 0.08% of Kaiser Aluminum as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Kaiser Aluminum by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company's stock worth $243,249,000 after purchasing an additional 5,823 shares during the period. State Street Corp increased its position in shares of Kaiser Aluminum by 31.9% in the second 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 increased its position in shares of Kaiser Aluminum by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company's stock worth $63,095,000 after purchasing an additional 4,743 shares during the period. American Century Companies Inc. increased its position in shares of 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 worth $45,426,000 after purchasing an additional 52,512 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Kaiser Aluminum by 1.1% in the third 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.

Insider Activity at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of Kaiser Aluminum stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.72, for a total transaction of $608,600.00. Following the sale, the chief financial officer directly owned 12,775 shares of the company's stock, valued at approximately $1,554,973. This trade represents a 28.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on KALU. Wells Fargo & Company lifted their target price on Kaiser Aluminum from $125.00 to $137.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded Kaiser Aluminum from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Wall Street Zen upgraded Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 18th. Zacks Research cut Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $118.00 to $124.00 and gave the company a "neutral" rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Kaiser Aluminum has a consensus rating of "Hold" and a consensus price target of $148.00.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $172.80 on Wednesday. The business's 50-day moving average price is $132.79 and its 200-day moving average price is $117.88. Kaiser Aluminum Corporation has a 12 month low of $61.84 and a 12 month high of $181.47. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.82 and a beta of 1.39. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 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 period last year, the firm posted $1.44 earnings per share. The business's revenue for the quarter was up 42.4% on a year-over-year basis. Equities research analysts forecast that Kaiser Aluminum Corporation will post 7.85 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, April 24th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 33.55%.

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.

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