Bridgeway Capital Management LLC purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 65,194 shares of the industrial products company's stock, valued at approximately $4,581,000. Bridgeway Capital Management LLC owned about 0.41% of Kaiser Aluminum at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after buying an additional 219,827 shares in the last quarter. Empowered Funds LLC acquired a new position in Kaiser Aluminum during the 4th quarter valued at about $3,878,000. American Century Companies Inc. grew its stake in shares of Kaiser Aluminum by 12.6% during the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after acquiring an additional 49,948 shares during the last quarter. Norges Bank purchased a new position in shares of Kaiser Aluminum in the fourth quarter worth $3,312,000. Finally, Stephens Inc. AR purchased a new position in Kaiser Aluminum in the 4th quarter worth $3,150,000. 99.29% of the stock is owned by institutional investors.
Kaiser Aluminum Stock Up 1.0%
Shares of KALU traded up $0.70 during mid-day trading on Tuesday, reaching $72.29. The company's stock had a trading volume of 32,057 shares, compared to its average volume of 138,870. The stock has a market cap of $1.17 billion, a PE ratio of 25.19 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 12-month low of $46.81 and a 12-month high of $102.42. The company's 50 day moving average is $62.10 and its 200 day moving average is $70.30.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm had revenue of $777.40 million for the quarter, compared to analyst estimates of $788.00 million. During the same period last year, the firm posted $1.02 EPS. Kaiser Aluminum's quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio is currently 115.36%.
Wall Street Analysts Forecast Growth
KALU has been the subject of a number of analyst reports. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Benchmark reduced their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. boosted their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Finally, StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th.
Get Our Latest Stock Analysis on KALU
Kaiser Aluminum Company Profile
(
Free Report)
Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.
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