Mangrove Partners IM LLC Makes New $605,000 Investment in Kaiser Aluminum Corporation $KALU

Mangrove Partners IM LLC purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,269 shares of the industrial products company’s stock, valued at approximately $605,000.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 218 shares during the period. Global Retirement Partners LLC grew its stake in shares of Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 294 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Kaiser Aluminum by 475.0% in the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 342 shares during the period. Quantbot Technologies LP bought a new stake in shares of Kaiser Aluminum in the second quarter worth approximately $44,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Kaiser Aluminum in the fourth quarter worth approximately $68,000. 99.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on KALU shares. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. KeyCorp lifted 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. UBS Group started coverage on shares of Kaiser Aluminum in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kaiser Aluminum has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Insiders Place Their Bets

In other Kaiser Aluminum news, CEO Keith Harvey sold 47,001 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $175.09, for a total value of $8,229,405.09. Following the completion of the transaction, the chief executive officer directly owned 97,339 shares in the company, valued at $17,043,085.51. This represents a 32.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 4,448 shares of the company’s stock, valued at approximately $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 71,731 shares of company stock valued at $12,529,097. Insiders own 1.30% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU opened at $181.72 on Wednesday. The firm has a 50 day moving average of $169.13 and a 200 day moving average of $138.62. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 19.80 and a beta of 1.60. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $195.22.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $1.78. The company 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 firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. On average, research analysts anticipate that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio 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.