Cvfg LLC Acquires New Position in Kaiser Aluminum Corporation $KALU

Cvfg LLC acquired a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) during the 1st quarter, Holdings Channel.com reports. The fund acquired 6,560 shares of the industrial products company’s stock, valued at approximately $791,000.

A number of other large investors also recently bought and sold shares of KALU. Royal Bank of Canada raised its position in shares of Kaiser Aluminum by 212.6% during the 1st quarter. Royal Bank of Canada now owns 5,815 shares of the industrial products company’s stock valued at $352,000 after acquiring an additional 3,955 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kaiser Aluminum during the first quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kaiser Aluminum by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kaiser Aluminum by 2.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,971 shares of the industrial products company’s stock worth $2,544,000 after buying an additional 1,084 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Kaiser Aluminum by 323.6% during the first quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock worth $3,346,000 after acquiring an additional 42,160 shares during the period. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Richard P. Grimley sold 1,524 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $785,218.56. This trade represents a 24.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brett Wilcox sold 15,000 shares of Kaiser Aluminum stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $174.44, for a total value of $2,616,600.00. Following the transaction, the director directly owned 9,887 shares in the company, valued at approximately $1,724,688.28. The trade was a 60.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 71,731 shares of company stock valued at $12,529,097. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on KALU shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research note on Thursday, April 30th. Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. KeyCorp increased 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. Finally, UBS Group boosted their target price on shares of Kaiser Aluminum from $176.00 to $179.00 and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kaiser Aluminum presently has a consensus rating of “Hold” and an average target price of $160.25.

Kaiser Aluminum Trading Down 1.1%

Kaiser Aluminum stock opened at $168.89 on Thursday. The firm has a 50 day simple moving average of $179.24 and a 200-day simple moving average of $147.18. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.47 and a quick ratio of 1.14. The stock has a market capitalization of $2.76 billion, a PE ratio of 18.40 and a beta of 1.59. Kaiser Aluminum Corporation has a 12-month low of $71.44 and a 12-month high of $195.96.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 EPS for the quarter, topping the consensus estimate of $1.96 by $1.78. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.44 earnings per share. As a group, equities research analysts expect that Kaiser Aluminum Corporation will post 8.69 EPS for the current fiscal year.

Kaiser Aluminum Company 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.