NFJ Investment Group LLC Sells 4,268 Shares of Kaiser Aluminum Corporation $KALU

NFJ Investment Group LLC trimmed its stake in Kaiser Aluminum Corporation (NASDAQ:KALU) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,336 shares of the industrial products company’s stock after selling 4,268 shares during the period. NFJ Investment Group LLC’s holdings in Kaiser Aluminum were worth $14,166,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Kaiser Aluminum in the fourth quarter worth approximately $5,018,000. Citigroup Inc. boosted its stake in Kaiser Aluminum by 127.3% in the third quarter. Citigroup Inc. now owns 34,456 shares of the industrial products company’s stock worth $2,659,000 after buying an additional 19,294 shares in the last quarter. First National Bank of Omaha purchased a new stake in Kaiser Aluminum in the third quarter worth approximately $603,000. Bright Futures Wealth Management LLC. purchased a new stake in Kaiser Aluminum in the third quarter worth approximately $908,000. Finally, American Century Companies Inc. boosted its stake in 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 worth $45,426,000 after buying an additional 52,512 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Insider Activity

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

Kaiser Aluminum Price Performance

KALU opened at $190.63 on Friday. The stock has a fifty day simple moving average of $167.10 and a two-hundred day simple moving average of $137.09. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 20.77 and a beta of 1.60. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $194.43.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $948.50 million. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. Research analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a $0.77 dividend. The ex-dividend date was Friday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 1.6%. Kaiser Aluminum’s dividend payout ratio is 33.55%.

Analyst Upgrades and Downgrades

KALU has been the subject of several research reports. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. KeyCorp increased their price objective on Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $142.00 price objective (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Wells Fargo & Company increased 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.50.

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.