Virtu Financial LLC Buys Shares of 7,094 Kaiser Aluminum Corporation $KALU

Key Points

• Virtu Financial LLC has acquired a new position in Kaiser Aluminum Corporation, purchasing 7,094 shares valued at approximately $430,000 during the 1st quarter.
• Institutional investors and hedge funds collectively own 99.29% of Kaiser Aluminum's stock, indicating strong institutional interest.
• Kaiser Aluminum reported earnings of $1.21 EPS for the last quarter, significantly exceeding the consensus estimate of $0.49, and also declared a quarterly dividend of $0.77 per share with a yield of 4.1%.

Virtu Financial LLC acquired a new position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,094 shares of the industrial products company's stock, valued at approximately $430,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC increased its position 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 valued at $118,000 after acquiring an additional 784 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $121,000. Tower Research Capital LLC TRC increased its holdings in Kaiser Aluminum by 325.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after buying an additional 1,352 shares during the last quarter. Snowden Capital Advisors LLC purchased a new stake in Kaiser Aluminum during the fourth quarter worth about $205,000. Finally, Headlands Technologies LLC increased its holdings in Kaiser Aluminum by 128.5% during the first quarter. Headlands Technologies LLC now owns 3,338 shares of the industrial products company's stock worth $202,000 after buying an additional 1,877 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KALU has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. raised their price objective on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, 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 note on Monday, April 21st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $78.00.

Kaiser Aluminum Price Performance

Shares of KALU stock traded down $0.18 during trading hours on Tuesday, reaching $74.27. The stock had a trading volume of 7,624 shares, compared to its average volume of 136,834. The stock's fifty day simple moving average is $80.64 and its 200 day simple moving average is $71.59. The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39. Kaiser Aluminum Corporation has a 12 month low of $46.81 and a 12 month high of $97.00. The firm has a market capitalization of $1.20 billion, a PE ratio of 19.09 and a beta of 1.51.

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

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were given a dividend of $0.77 per share. The ex-dividend date was Friday, July 25th. This represents a $3.08 annualized dividend and a yield of 4.1%. Kaiser Aluminum's payout ratio is presently 79.18%.

Kaiser Aluminum 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.