Systematic Financial Management LP Sells 15,215 Shares of Kaiser Aluminum Corporation $KALU

Systematic Financial Management LP lowered its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 5.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 242,995 shares of the industrial products company’s stock after selling 15,215 shares during the period. Systematic Financial Management LP’s holdings in Kaiser Aluminum were worth $29,283,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Kaiser Aluminum by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,117,791 shares of the industrial products company’s stock valued at $243,249,000 after acquiring an additional 5,823 shares during the period. State Street Corp lifted its position in shares of Kaiser Aluminum by 31.9% in the 2nd quarter. State Street Corp now owns 1,154,415 shares of the industrial products company’s stock worth $92,238,000 after acquiring an additional 279,231 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Kaiser Aluminum by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 831,652 shares of the industrial products company’s stock worth $95,528,000 after purchasing an additional 13,909 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Kaiser Aluminum by 1.1% during the 3rd quarter. Wellington Management Group LLP now owns 502,446 shares of the industrial products company’s stock worth $38,769,000 after purchasing an additional 5,623 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Kaiser Aluminum by 16.8% during the fourth quarter. Bank of New York Mellon Corp now owns 198,354 shares of the industrial products company’s stock valued at $22,783,000 after purchasing an additional 28,495 shares during the period. Institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Stock Performance

NASDAQ:KALU opened at $180.60 on Friday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 13.39 and a beta of 1.59. The company has a current ratio of 2.47, a quick ratio of 1.14 and a debt-to-equity ratio of 1.28. Kaiser Aluminum Corporation has a 1 year low of $71.44 and a 1 year high of $195.96. The firm has a 50 day moving average of $176.18 and a 200-day moving average of $150.73.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $2.87. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Kaiser Aluminum had a return on equity of 25.50% and a net margin of 5.49%.The business’s revenue was up 52.7% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. As a group, sell-side analysts anticipate that Kaiser Aluminum Corporation will post 9.11 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 24th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, July 24th. This represents a $3.08 annualized dividend and a yield of 1.7%. Kaiser Aluminum’s dividend payout ratio is 22.83%.

Insider Activity

In other Kaiser Aluminum news, CEO Keith Harvey sold 3,031 shares of the business’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $173.13, for a total value of $524,757.03. Following the completion of the transaction, the chief executive officer directly owned 94,308 shares of the company’s stock, valued at approximately $16,327,544.04. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $174.22, for a total transaction of $30,488.50. Following the transaction, the senior vice president owned 4,448 shares in the company, valued at $774,930.56. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 71,731 shares of company stock worth $12,529,097. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KALU. Wells Fargo & Company restated an “underweight” rating and issued a $158.00 target price on shares of Kaiser Aluminum in a research note on Thursday, July 9th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Kaiser Aluminum in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $142.00 target price (up from $124.00) on shares of Kaiser Aluminum in a research report on Thursday, April 30th. Finally, KeyCorp lifted their target price on shares of Kaiser Aluminum from $170.00 to $183.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $165.50.

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.