PVG Asset Management Corp Buys 6,435 Shares of Kaiser Aluminum Corporation $KALU

PVG Asset Management Corp raised its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 331.9% in the first quarter, HoldingsChannel reports. The firm owned 8,374 shares of the industrial products company’s stock after acquiring an additional 6,435 shares during the period. PVG Asset Management Corp’s holdings in Kaiser Aluminum were worth $1,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KALU. Oregon Public Employees Retirement Fund lifted its stake in Kaiser Aluminum by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 3,704 shares of the industrial products company’s stock worth $446,000 after acquiring an additional 62 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Kaiser Aluminum by 18.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 471 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 73 shares during the period. Commonwealth Equity Services LLC increased its holdings in Kaiser Aluminum by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,916 shares of the industrial products company’s stock valued at $450,000 after buying an additional 76 shares during the period. ProShare Advisors LLC raised its stake 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 worth $359,000 after buying an additional 97 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Kaiser Aluminum by 1.2% during the fourth quarter. State of Alaska Department of Revenue now owns 8,842 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

More Kaiser Aluminum News

Here are the key news stories impacting Kaiser Aluminum this week:

• Positive Sentiment: Zacks upgraded Kaiser Aluminum (KALU) from Hold to Strong Buy, reflecting increased optimism about the company’s earnings outlook and estimate revisions. Kaiser Upgraded to Strong Buy
• Positive Sentiment: KALU was added to Zacks’ Rank #1 Strong Buy list, which could attract investor interest and reinforce expectations for improving profitability. New Strong Buy Stocks for July 30
• Positive Sentiment: Zacks identified Kaiser as a potential growth stock, citing attributes that could support above-average returns. Another Zacks report highlighted KALU among industrial stocks positioned to benefit from resilient manufacturing, infrastructure spending and AI-related demand. Kaiser Growth Stock Analysis Industrial Stocks Amid Manufacturing Resilience
• Neutral Sentiment: A sector comparison examines Kaiser’s year-to-date performance against industrial-products stocks and UniFirst, offering context on relative momentum but no new company-specific catalyst. Industrial Products Stock Performance Comparison
• Neutral Sentiment: Zacks’ value-investing review considers KALU’s valuation, growth and momentum factors, but does not represent a separate change in company fundamentals. Kaiser Value Investor Analysis
• Negative Sentiment: J.P. Morgan maintained its Sell rating on Kaiser Aluminum, signaling that the firm sees downside risk despite the recent bullish Zacks upgrade. J.P. Morgan Maintains Sell Rating

Kaiser Aluminum Stock Performance

NASDAQ KALU opened at $159.68 on Monday. The company has a fifty day simple moving average of $175.09 and a two-hundred day simple moving average of $152.28. The stock has a market cap of $2.61 billion, a P/E ratio of 11.84 and a beta of 1.61. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $195.96. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 1.10.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $2.87. Kaiser Aluminum had a return on equity of 24.71% and a net margin of 5.49%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $1.21 EPS. The firm’s quarterly revenue was up 52.7% on a year-over-year basis. On average, analysts forecast that Kaiser Aluminum Corporation will post 10.63 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.9%. Kaiser Aluminum’s payout ratio is 22.83%.

Analysts Set New Price Targets

Several research firms have recently commented on KALU. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $142.00 price target (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. UBS Group increased their price target on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company raised their price target on shares of Kaiser Aluminum from $158.00 to $169.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kaiser Aluminum in a research report on Tuesday, July 21st. Finally, Zacks Research raised shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $168.25.

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.