Louisiana State Employees Retirement System Makes New Investment in Kaiser Aluminum Corporation $KALU

Louisiana State Employees Retirement System acquired a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 7,100 shares of the industrial products company’s stock, valued at approximately $856,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KALU. Farther Finance Advisors LLC raised its position in shares of Kaiser Aluminum by 389.3% in the 4th quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Kaiser Aluminum by 475.0% during the second quarter. EverSource Wealth Advisors LLC now owns 414 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 342 shares in the last quarter. Global Retirement Partners LLC grew its stake in Kaiser Aluminum by 408.3% in the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 294 shares during the period. Quantbot Technologies LP purchased a new stake in Kaiser Aluminum in the second quarter worth $44,000. Finally, Tower Research Capital LLC TRC raised its holdings in Kaiser Aluminum by 130.9% in the second quarter. Tower Research Capital LLC TRC now owns 605 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

Kaiser Aluminum stock opened at $176.27 on Monday. 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 business’s fifty day simple moving average is $179.22 and its two-hundred day simple moving average is $145.89. Kaiser Aluminum Corporation has a 12 month low of $71.44 and a 12 month high of $195.96. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 19.20 and a beta of 1.59.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $1.78. Kaiser Aluminum had a return on equity of 17.00% and a net margin of 4.14%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $948.50 million. During the same period in the prior year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 42.4% on a year-over-year basis. As a group, equities analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed 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 yield of 1.7%. The ex-dividend date of this dividend was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio is 33.55%.

Insider Buying and Selling at Kaiser Aluminum

In other news, Director Richard P. Grimley sold 1,524 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $171.52, for a total value of $261,396.48. Following the transaction, the director owned 4,578 shares in the company, valued at approximately $785,218.56. This represents a 24.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $174.22, for a total transaction of $30,488.50. Following the sale, the senior vice president owned 4,448 shares in the company, valued at approximately $774,930.56. The trade was a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,731 shares of company stock worth $12,529,097 in the last 90 days. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

KALU has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Zacks Research lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, KeyCorp upped their price objective on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” 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.