Tactive Advisors LLC Invests $331,000 in Kaiser Aluminum Corporation $KALU

Tactive Advisors LLC bought a new position in Kaiser Aluminum Corporation (NASDAQ:KALU) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,744 shares of the industrial products company’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KALU. Farther Finance Advisors LLC boosted its position in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 218 shares during the period. Global Retirement Partners LLC raised its holdings in 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. EverSource Wealth Advisors LLC raised its holdings in 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. Quantbot Technologies LP purchased a new stake in Kaiser Aluminum during the second quarter valued at about $44,000. Finally, Kestra Advisory Services LLC purchased a new stake in Kaiser Aluminum during the fourth quarter valued at about $68,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. 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 objective for the company. 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. KeyCorp boosted their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Kaiser Aluminum Stock Up 1.2%

Kaiser Aluminum stock opened at $185.03 on Tuesday. Kaiser Aluminum Corporation has a twelve month low of $71.44 and a twelve month high of $195.22. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47. The firm has a market cap of $3.02 billion, a PE ratio of 20.16 and a beta of 1.60. The firm’s 50 day moving average price is $172.90 and its two-hundred day moving average price is $141.05.

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

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, April 24th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.7%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 33.55%.

Insider Activity

In other news, Director Richard P. Grimley sold 1,524 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total transaction of $261,396.48. Following the completion of the sale, the director directly owned 4,578 shares of the company’s stock, valued at $785,218.56. This trade represents a 24.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keith Harvey sold 3,031 shares of Kaiser Aluminum stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total value of $524,757.03. Following the sale, the chief executive officer owned 94,308 shares of the company’s stock, valued at approximately $16,327,544.04. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is currently owned by company insiders.

Kaiser Aluminum Company 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.