Bastion Asset Management Inc. Buys New Shares in Kaiser Aluminum Co. (NASDAQ:KALU)

Bastion Asset Management Inc. bought a new position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,845 shares of the industrial products company's stock, valued at approximately $1,878,000. Bastion Asset Management Inc. owned approximately 0.15% of Kaiser Aluminum at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Kaiser Aluminum during the fourth quarter valued at approximately $816,000. Jane Street Group LLC raised its stake in shares of Kaiser Aluminum by 44.2% in the fourth quarter. Jane Street Group LLC now owns 13,030 shares of the industrial products company's stock worth $916,000 after purchasing an additional 3,991 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at $552,000. Northern Trust Corp boosted its position in shares of Kaiser Aluminum by 16.7% during the fourth quarter. Northern Trust Corp now owns 198,201 shares of the industrial products company's stock valued at $13,928,000 after buying an additional 28,359 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its holdings in Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after buying an additional 784 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Benchmark lowered their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Finally, StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU traded down $0.72 during trading on Friday, hitting $67.69. The company's stock had a trading volume of 78,915 shares, compared to its average volume of 138,781. The company has a 50-day moving average of $62.07 and a 200-day moving average of $70.26. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 23.59 and a beta of 1.40. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. The firm had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. On average, sell-side analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.55%. Kaiser Aluminum's payout ratio is currently 115.36%.

About Kaiser Aluminum

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.