Bastion Asset Management Inc. bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 24,845 shares of the industrial products company's stock, valued at approximately $1,878,000. Bastion Asset Management Inc. owned about 0.15% of Kaiser Aluminum at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in 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 valued at $30,355,000 after purchasing an additional 219,827 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Kaiser Aluminum during the 4th quarter worth approximately $3,878,000. American Century Companies Inc. increased its position 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 valued at $31,461,000 after purchasing an additional 49,948 shares during the period. Norges Bank acquired a new position in shares of Kaiser Aluminum in the fourth quarter valued at $3,312,000. Finally, Stephens Inc. AR bought a new position in Kaiser Aluminum in the fourth quarter worth $3,150,000. Institutional investors own 99.29% of the company's stock.
Kaiser Aluminum Price Performance
KALU stock traded up $1.86 during trading on Thursday, hitting $68.39. 116,828 shares of the stock traded hands, compared to its average volume of 138,819. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 23.83 and a beta of 1.40. Kaiser Aluminum Co. has a one year low of $46.81 and a one year high of $102.42. The company has a 50 day simple moving average of $62.08 and a 200 day simple moving average of $70.28.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $777.40 million for the quarter, compared to the consensus estimate of $788.00 million. During the same period in the previous year, the business earned $1.02 EPS. Kaiser Aluminum's revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The firm 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. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.50%. Kaiser Aluminum's dividend payout ratio is 115.36%.
Wall Street Analysts Forecast Growth
KALU has been the subject of a number of recent research reports. StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Benchmark dropped their price target 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. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th.
Check Out Our Latest Stock Report on Kaiser Aluminum
Kaiser Aluminum 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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