Kingsview Wealth Management LLC Makes New $408,000 Investment in Kaiser Aluminum Corporation $KALU

Kingsview Wealth Management LLC bought a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,550 shares of the industrial products company’s stock, valued at approximately $408,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Kaiser Aluminum by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock worth $243,249,000 after acquiring an additional 5,823 shares in the last quarter. State Street Corp increased its stake in shares of Kaiser Aluminum by 31.9% in the second quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock valued at $92,238,000 after buying an additional 279,231 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kaiser Aluminum by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 817,743 shares of the industrial products company’s stock valued at $63,095,000 after buying an additional 4,743 shares during the period. American Century Companies Inc. increased its stake in shares of Kaiser Aluminum by 9.8% in the third quarter. American Century Companies Inc. now owns 588,720 shares of the industrial products company’s stock valued at $45,426,000 after buying an additional 52,512 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Kaiser Aluminum by 1.1% in the third quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock valued at $38,769,000 after buying an additional 5,623 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KALU. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. UBS Group began coverage on Kaiser Aluminum in a research note on Tuesday, May 5th. They issued a “neutral” rating and a $176.00 price objective for the company. Wells Fargo & Company upped their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Insider Activity

In other Kaiser Aluminum news, CEO Keith Harvey sold 47,001 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $175.09, for a total transaction of $8,229,405.09. Following the transaction, the chief executive officer directly owned 97,339 shares in the company, valued at approximately $17,043,085.51. This represents a 32.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Iulian Gheorghe sold 175 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $174.22, for a total value of $30,488.50. Following the transaction, the senior vice president owned 4,448 shares in the company, valued at $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 71,731 shares of company stock worth $12,529,097. Company insiders own 1.30% of the company’s stock.

Kaiser Aluminum Stock Performance

Shares of KALU stock opened at $186.33 on Thursday. The business’s 50 day simple moving average is $158.14 and its 200 day simple moving average is $132.90. Kaiser Aluminum Corporation has a one year low of $71.44 and a one year high of $194.43. The stock has a market capitalization of $3.04 billion, a PE ratio of 20.30 and a beta of 1.60. 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 results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. The firm had revenue of $1.11 billion for 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 company’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 EPS. As a group, research analysts forecast that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 1.7%. The ex-dividend date was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio is presently 33.55%.

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.