Hillsdale Investment Management Inc. Purchases Shares of 47,100 Kaiser Aluminum Corporation $KALU

Hillsdale Investment Management Inc. purchased a new stake in Kaiser Aluminum Corporation (NASDAQ:KALU) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,100 shares of the industrial products company’s stock, valued at approximately $5,410,000.

A number of other large investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in Kaiser Aluminum by 18.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 73 shares during the period. ProShare Advisors LLC lifted its holdings in Kaiser Aluminum by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 3,127 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC lifted its holdings in Kaiser Aluminum by 20.0% in the fourth quarter. GAMMA Investing LLC now owns 630 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 105 shares during the period. State of Alaska Department of Revenue lifted its holdings in Kaiser Aluminum by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock valued at $1,014,000 after acquiring an additional 109 shares during the period. Finally, Creative Planning lifted its holdings in Kaiser Aluminum by 4.0% in the third quarter. Creative Planning now owns 4,680 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 179 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 1.0%

Kaiser Aluminum stock opened at $182.04 on Friday. The stock has a market capitalization of $2.97 billion, a PE ratio of 19.83 and a beta of 1.60. Kaiser Aluminum Corporation has a 12 month low of $71.44 and a 12 month high of $189.86. The business has a 50 day simple moving average of $153.55 and a 200-day simple moving average of $130.69. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14.

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

Kaiser Aluminum Dividend Announcement

The company also recently declared 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. This represents a $3.08 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, April 24th. Kaiser Aluminum’s payout ratio is presently 33.55%.

Insider Activity

In related news, Director Richard P. Grimley sold 1,524 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $785,218.56. The trade was a 24.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith Harvey sold 3,031 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was 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 $16,327,544.04. The trade was a 3.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 71,731 shares of company stock valued at $12,529,097 in the last three months. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KALU. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. KeyCorp boosted their price target on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. UBS Group began coverage on Kaiser Aluminum in a research report on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective for the company. Finally, Zacks Research upgraded Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.50.

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.