Vista Investment Partners LLC Invests $586,000 in Kaiser Aluminum Corporation $KALU

Vista Investment Partners LLC acquired a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,105 shares of the industrial products company’s stock, valued at approximately $586,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Kaiser Aluminum during the 4th quarter valued at $5,018,000. Dakota Wealth Management purchased a new stake in shares of Kaiser Aluminum in the fourth quarter worth $560,000. Trust Point Inc. purchased a new stake in shares of Kaiser Aluminum in the fourth quarter worth $292,000. Synergy Asset Management LLC bought a new stake in Kaiser Aluminum during the fourth quarter valued at $283,000. Finally, DAVENPORT & Co LLC bought a new stake in Kaiser Aluminum during the fourth quarter valued at $291,000. Institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling at Kaiser Aluminum

In related news, CFO Neal E. West sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.72, for a total value of $608,600.00. Following the completion of the sale, the chief financial officer owned 12,775 shares in the company, valued at $1,554,973. The trade was a 28.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Kaiser Aluminum Stock Up 8.7%

Shares of NASDAQ:KALU opened at $131.01 on Thursday. The firm has a market capitalization of $2.12 billion, a PE ratio of 19.32 and a beta of 1.39. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.26 and a current ratio of 2.95. Kaiser Aluminum Corporation has a 52-week low of $46.81 and a 52-week high of $150.00. The firm has a fifty day moving average of $127.23 and a 200 day moving average of $108.10.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.03). Kaiser Aluminum had a net margin of 3.34% and a return on equity of 12.69%. The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $902.00 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 23rd were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, January 23rd. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 45.43%.

Analysts Set New Price Targets

KALU has been the topic of a number of research analyst reports. Weiss Ratings upgraded Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. JPMorgan Chase & Co. lifted their price target on Kaiser Aluminum from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Wall Street Zen cut shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Wells Fargo & Company raised their target price on shares of Kaiser Aluminum from $120.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.67.

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.