Charles Schwab Investment Management Inc. Cuts Stake in Kaiser Aluminum Corporation $KALU

Charles Schwab Investment Management Inc. lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU) by 1.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 289,778 shares of the industrial products company’s stock after selling 5,051 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kaiser Aluminum were worth $33,284,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Corp purchased a new stake in Kaiser Aluminum in the third quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its stake in Kaiser Aluminum by 340.0% in the third quarter. Hantz Financial Services Inc. now owns 374 shares of the industrial products company’s stock worth $29,000 after buying an additional 289 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Kaiser Aluminum by 389.3% in the fourth quarter. Farther Finance Advisors LLC now owns 274 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 218 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of Kaiser Aluminum by 408.3% during the fourth quarter. Global Retirement Partners LLC now owns 366 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $169.29 on Friday. The firm has a market cap of $2.77 billion, a PE ratio of 18.44 and a beta of 1.60. Kaiser Aluminum Corporation has a fifty-two week low of $68.22 and a fifty-two week high of $183.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.14 and a current ratio of 2.47. The business has a 50 day moving average price of $142.75 and a 200-day moving average price of $124.85.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $1.78. The company 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 revenue for the quarter was up 42.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. Equities research analysts predict that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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 1.8%. The ex-dividend date was Friday, April 24th. Kaiser Aluminum’s dividend payout ratio is currently 33.55%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. UBS Group assumed coverage on Kaiser Aluminum in a research note on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Wall Street Zen raised Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings raised Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Zacks Research raised Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, 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. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.50.

Insider Activity at Kaiser Aluminum

In related news, Director Richard P. Grimley sold 1,524 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $171.52, for a total transaction of $261,396.48. Following the completion of the transaction, the director owned 4,578 shares in the company, valued at $785,218.56. This represents a 24.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Iulian Gheorghe sold 175 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were 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 of the company’s stock, valued at approximately $774,930.56. This represents a 3.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 76,731 shares of company stock valued at $13,137,697 over the last 90 days. Company insiders own 1.30% of the company’s stock.

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.