JPMorgan Chase & Co. Purchases 15,528 Shares of Kaiser Aluminum Corporation $KALU

JPMorgan Chase & Co. boosted its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 24.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,701 shares of the industrial products company’s stock after purchasing an additional 15,528 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of Kaiser Aluminum worth $6,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of KALU. First Horizon Corp bought a new position in shares of Kaiser Aluminum in the third quarter worth $27,000. Hantz Financial Services Inc. boosted its stake in Kaiser Aluminum by 340.0% during the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock valued at $29,000 after buying an additional 289 shares during the period. EverSource Wealth Advisors LLC grew its position in Kaiser Aluminum by 475.0% during the second 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 in the last quarter. Quantbot Technologies LP bought a new position in Kaiser Aluminum in the 2nd quarter worth about $44,000. Finally, Tower Research Capital LLC TRC increased its stake in Kaiser Aluminum by 130.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 343 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Price Performance

KALU opened at $120.51 on Wednesday. The company has a current ratio of 2.95, a quick ratio of 1.26 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.95 billion, a P/E ratio of 17.77 and a beta of 1.37. The stock has a 50-day moving average price of $127.28 and a 200-day moving average price of $107.94. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $150.00.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $902.00 million. Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 23rd were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, January 23rd. Kaiser Aluminum’s payout ratio is presently 45.43%.

Insider Buying and Selling at Kaiser Aluminum

In other news, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer owned 12,775 shares of the company’s stock, valued at approximately $1,554,973. This represents a 28.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KALU. Wall Street Zen downgraded Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. 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, Wells Fargo & Company increased their price target on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $107.67.

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.