Dynamic Technology Lab Private Ltd Makes New Investment in Kaiser Aluminum Corporation $KALU

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Kaiser Aluminum Corporation, purchasing 5,600 shares valued at approximately $339,000.
• Despite a recent decline in stock price, Kaiser Aluminum reported strong quarterly earnings, with earnings per share (EPS) of $1.21, significantly beating estimates.
• The company announced a quarterly dividend of $0.77 per share, reflecting an annualized dividend and yield of 4.0%.

Dynamic Technology Lab Private Ltd purchased a new position in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,600 shares of the industrial products company's stock, valued at approximately $339,000.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in Kaiser Aluminum during the 1st quarter worth approximately $674,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Kaiser Aluminum during the 1st quarter worth approximately $1,598,000. Deutsche Bank AG increased its stake in Kaiser Aluminum by 54.0% during the 4th quarter. Deutsche Bank AG now owns 14,191 shares of the industrial products company's stock worth $997,000 after buying an additional 4,977 shares in the last quarter. Virtu Financial LLC purchased a new stake in Kaiser Aluminum during the 1st quarter worth approximately $430,000. Finally, Wellington Management Group LLP increased 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 worth $30,355,000 after buying an additional 219,827 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Up 2.6%

Kaiser Aluminum stock traded up $1.98 during mid-day trading on Thursday, hitting $78.86. The company's stock had a trading volume of 92,259 shares, compared to its average volume of 79,797. The firm has a market capitalization of $1.28 billion, a PE ratio of 20.27 and a beta of 1.54. Kaiser Aluminum Corporation has a 1 year low of $46.81 and a 1 year high of $97.00. The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39. The stock's fifty day moving average is $79.20 and its two-hundred day moving average is $72.52.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.72. The company had revenue of $823.10 million during the quarter, compared to analyst estimates of $786.70 million. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%. On average, analysts anticipate that Kaiser Aluminum Corporation will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, July 25th. Kaiser Aluminum's dividend payout ratio is 79.18%.

Analyst Upgrades and Downgrades

KALU has been the subject of several research reports. Wall Street Zen upgraded Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Kaiser Aluminum currently has an average rating of "Hold" and a consensus target price of $78.00.

Kaiser Aluminum Company Profile

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.