Algert Global LLC Has $2.53 Million Stock Position in Kaiser Aluminum Corporation $KALU

Key Points

• Algert Global LLC reduced its stake in Kaiser Aluminum Corporation by 21.4%, selling 11,372 shares and currently holding 41,693 shares valued at $2.5 million.
• Kaiser Aluminum reported $1.21 earnings per share (EPS) for the latest quarter, significantly exceeding analyst estimates of $0.49, with a revenue of $823.10 million.
• The company recently announced a quarterly dividend of $0.77 per share, with a 4.1% dividend yield and a payout ratio of 79.18%.

Algert Global LLC lowered its position in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 21.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,693 shares of the industrial products company's stock after selling 11,372 shares during the quarter. Algert Global LLC owned approximately 0.26% of Kaiser Aluminum worth $2,527,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of Kaiser Aluminum by 11.5% during the 1st quarter. American Century Companies Inc. now owns 499,314 shares of the industrial products company's stock worth $30,268,000 after acquiring an additional 51,591 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Kaiser Aluminum by 27.5% during the 1st quarter. Public Sector Pension Investment Board now owns 50,570 shares of the industrial products company's stock valued at $3,066,000 after purchasing an additional 10,898 shares during the period. Nuveen LLC bought a new stake in Kaiser Aluminum during the 1st quarter valued at approximately $2,622,000. Harvest Investment Advisors LLC boosted its stake in Kaiser Aluminum by 6.4% during the 1st quarter. Harvest Investment Advisors LLC now owns 19,759 shares of the industrial products company's stock valued at $1,198,000 after purchasing an additional 1,185 shares during the period. Finally, Virtu Financial LLC bought a new stake in Kaiser Aluminum during the 1st quarter valued at approximately $430,000. Institutional investors own 99.29% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on KALU shares. JPMorgan Chase & Co. increased their target price on Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen downgraded Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $78.00.

Kaiser Aluminum Price Performance

Shares of KALU traded down $0.7590 during mid-day trading on Monday, reaching $78.8110. The company had a trading volume of 25,953 shares, compared to its average volume of 135,865. Kaiser Aluminum Corporation has a twelve month low of $46.81 and a twelve month high of $97.00. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30. The company's 50-day moving average is $80.51 and its 200-day moving average is $71.75. The company has a market capitalization of $1.28 billion, a P/E ratio of 20.26 and a beta of 1.51.

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

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, July 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 79.18%.

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.