Cetera Investment Advisers purchased a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,930 shares of the industrial products company's stock, valued at approximately $276,000.
A number of other hedge funds have also recently bought and sold shares of KALU. AlphaQuest LLC increased its position in shares of Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 542 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Kaiser Aluminum in the 4th quarter worth approximately $52,000. KBC Group NV grew its position in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after buying an additional 410 shares in the last quarter. Aquatic Capital Management LLC increased its position in shares of Kaiser Aluminum by 87.1% in the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after purchasing an additional 784 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Kaiser Aluminum by 325.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after acquiring an additional 1,352 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
KALU has been the topic of several recent research reports. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. JPMorgan Chase & Co. upped their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Wall Street Zen cut shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Finally, Benchmark cut their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, April 21st.
Check Out Our Latest Stock Analysis on KALU
Kaiser Aluminum Price Performance
Shares of KALU stock traded up $0.47 during mid-day trading on Wednesday, hitting $77.32. The company had a trading volume of 68,261 shares, compared to its average volume of 138,401. 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 52-week low of $46.81 and a 52-week high of $100.07. The stock's 50 day moving average price is $63.80 and its 200-day moving average price is $69.55. The company has a market capitalization of $1.25 billion, a P/E ratio of 26.94 and a beta of 1.40.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share 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 firm had revenue of $777.40 million for the quarter, compared to the consensus estimate of $788.00 million. During the same period in the prior year, the business posted $1.02 earnings per share. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.
Kaiser Aluminum Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were given a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a yield of 3.98%. Kaiser Aluminum's payout ratio is 115.36%.
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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