UBS Group AG Decreases Holdings in Kaiser Aluminum Corporation $KALU

UBS Group AG cut its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 30.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,941 shares of the industrial products company’s stock after selling 24,660 shares during the period. UBS Group AG’s holdings in Kaiser Aluminum were worth $6,425,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KALU. Royal Bank of Canada grew 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 during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kaiser Aluminum during the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kaiser Aluminum by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,491 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 397 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kaiser Aluminum by 2.7% during 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 valued at $2,544,000 after acquiring an additional 1,084 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Kaiser Aluminum by 323.6% during the 1st quarter. Jane Street Group LLC now owns 55,190 shares of the industrial products company’s stock valued at $3,346,000 after acquiring an additional 42,160 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 2.0%

Shares of Kaiser Aluminum stock opened at $163.00 on Wednesday. The company has a market capitalization of $2.66 billion, a P/E ratio of 17.76 and a beta of 1.60. 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 company has a fifty day moving average of $144.36 and a 200 day moving average of $126.08. Kaiser Aluminum Corporation has a fifty-two week low of $68.22 and a fifty-two week high of $183.00.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $3.74 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.14% and a return on equity of 17.00%. Kaiser Aluminum’s quarterly revenue was up 42.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. On average, sell-side analysts anticipate that Kaiser Aluminum Corporation will post 8.69 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 1.9%. 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 Kaiser Aluminum news, SVP Iulian Gheorghe sold 175 shares of the stock in a transaction dated Monday, April 27th. The shares were 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 owned 4,448 shares of the company’s stock, valued at $774,930.56. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neal E. West sold 5,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $121.72, for a total transaction of $608,600.00. Following the sale, the chief financial officer owned 12,775 shares in the company, valued at $1,554,973. This represents a 28.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 76,731 shares of company stock worth $13,137,697. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Kaiser Aluminum in a research report on Tuesday, May 5th. They set a “neutral” rating and a $176.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Kaiser Aluminum from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. 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 report on Thursday, April 30th. 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. Finally, Weiss Ratings raised shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kaiser Aluminum has a consensus rating of “Moderate Buy” and a consensus 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.