Fisher Asset Management LLC Acquires 19,291 Shares of Kaiser Aluminum Corporation $KALU

Key Points

• Fisher Asset Management increased its stake in Kaiser Aluminum by 14% in the fourth quarter, buying 19,291 more shares and bringing its total holding to 157,078 shares worth about $18.0 million.
• Insider selling picked up, with CEO Keith Harvey and CFO Neal E. West selling shares in late April; insiders sold 71,731 shares total over the last 90 days.
• Kaiser Aluminum beat earnings expectations in its latest quarter, reporting $3.74 EPS versus $1.96 expected and revenue of $1.11 billion, while analysts now have a consensus rating of “Moderate Buy” with an average price target of $159.50.

Fisher Asset Management LLC grew its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,078 shares of the industrial products company's stock after acquiring an additional 19,291 shares during the period. Fisher Asset Management LLC owned 0.97% of Kaiser Aluminum worth $18,042,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Kaiser Aluminum by 340.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company's stock worth $29,000 after buying an additional 289 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 389.3% during the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company's stock worth $31,000 after buying an additional 218 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Kaiser Aluminum by 475.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company's stock worth $33,000 after buying an additional 342 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Kaiser Aluminum by 408.3% during the 4th quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company's stock worth $42,000 after buying an additional 294 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Kaiser Aluminum during the 2nd quarter worth $44,000. 99.29% of the stock is owned by institutional investors.

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 document filed 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 shares were sold at an average price of $173.29, for a total transaction of $866,450.00. Following the transaction, the chief financial officer directly owned 19,091 shares of the company's stock, valued at $3,308,279.39. This 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 71,731 shares of company stock worth $12,529,097 in the last ninety days. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KALU shares. KeyCorp upped their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an "overweight" rating in a report on Friday, April 24th. Zacks Research raised shares of Kaiser Aluminum from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Wall Street Zen raised shares of Kaiser Aluminum from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 18th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock 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 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 an average price target of $159.50.

Kaiser Aluminum Price Performance

NASDAQ:KALU opened at $187.03 on Thursday. The company has a 50-day moving average of $150.93 and a 200-day moving average of $129.70. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 20.37 and a beta of 1.60. Kaiser Aluminum Corporation has a 52 week low of $71.44 and a 52 week high of $187.27. 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 (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $1.78. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $948.50 million. Kaiser Aluminum had a net margin of 4.14% and a return on equity of 17.00%. The firm's revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. As a group, equities research analysts anticipate that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 33.55%.

About Kaiser Aluminum

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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