Allspring Global Investments Holdings LLC Purchases New Position in Kaiser Aluminum Corporation $KALU

Key Points

• Allspring Global Investments Holdings purchased 41,712 shares of Kaiser Aluminum (~$5.02M) in Q4, bringing its stake to 0.26%; overall hedge funds and institutions now own 99.29% of the company, with several firms (e.g., Jane Street, RBC, UBS) recently increasing positions.
• CFO Neal E. West sold 5,000 shares at about $121.72 on Feb. 23 for roughly $608,600, reducing his ownership by 28.13%; corporate insiders now own 1.40% of the stock.
• Analysts are mixed but broadly positive: MarketBeat shows a consensus of "Moderate Buy" with an average price target of $107.67, while Wells Fargo and JPMorgan have raised price targets to $125 and $124, respectively.

Allspring Global Investments Holdings LLC purchased a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,712 shares of the industrial products company's stock, valued at approximately $5,018,000. Allspring Global Investments Holdings LLC owned 0.26% of Kaiser Aluminum at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KALU. Royal Bank of Canada boosted its stake in Kaiser Aluminum by 212.6% during the first quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company's stock worth $352,000 after acquiring an additional 3,955 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Kaiser Aluminum during the first quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Kaiser Aluminum by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company's stock worth $575,000 after acquiring an additional 397 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kaiser Aluminum by 2.7% during the first 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 worth $2,544,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Kaiser Aluminum by 323.6% during the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company's stock worth $3,346,000 after acquiring an additional 42,160 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on KALU shares. Wells Fargo & Company boosted their price objective on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. Zacks Research raised shares of Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 17th. Wall Street Zen lowered shares of Kaiser Aluminum from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 21st. Weiss Ratings raised shares of Kaiser Aluminum from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the stock a "neutral" rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $107.67.

Insider Activity

In related news, CFO Neal E. West sold 5,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $121.72, for a total transaction of $608,600.00. Following the transaction, the chief financial officer owned 12,775 shares in the company, valued at $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company's stock.

Kaiser Aluminum Trading Down 0.9%

Shares of NASDAQ KALU opened at $130.39 on Tuesday. The firm's 50 day moving average price is $127.46 and its 200-day moving average price is $109.45. The company has a market cap of $2.11 billion, a PE ratio of 19.23 and a beta of 1.39. Kaiser Aluminum Corporation has a 52-week low of $47.93 and a 52-week high of $150.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.03). The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $902.00 million. Kaiser Aluminum had a return on equity of 12.69% and a net margin of 3.34%.The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. On average, equities research analysts expect that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum's dividend payout ratio is currently 45.43%.

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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