American Century Companies Inc. Purchases 51,591 Shares of Kaiser Aluminum Corporation $KALU

Key Points

• American Century Companies Inc. increased its stake in Kaiser Aluminum Corporation by 11.5%, owning 499,314 shares valued at approximately $30.27 million as of its latest SEC filing.
• Kaiser Aluminum recently reported earnings of $1.21 per share, significantly exceeding analyst expectations, with revenues reaching $823.10 million.
• The company's dividend payout ratio is currently 79.18%, with a quarterly dividend of $0.77 yielding 4.1% annually.

American Century Companies Inc. raised its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 11.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 499,314 shares of the industrial products company's stock after purchasing an additional 51,591 shares during the quarter. American Century Companies Inc. owned 3.09% of Kaiser Aluminum worth $30,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC lifted its position in 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 valued at $118,000 after purchasing an additional 784 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $121,000. Tower Research Capital LLC TRC lifted its position in Kaiser Aluminum by 325.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock valued at $124,000 after purchasing an additional 1,352 shares during the last quarter. Snowden Capital Advisors LLC bought a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $205,000. Finally, Headlands Technologies LLC lifted its position in Kaiser Aluminum by 128.5% in the first quarter. Headlands Technologies LLC now owns 3,338 shares of the industrial products company's stock valued at $202,000 after purchasing an additional 1,877 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Stock Down 0.8%

KALU traded down $0.65 during trading on Wednesday, reaching $78.66. The stock had a trading volume of 9,280 shares, compared to its average volume of 135,024. The stock's 50 day moving average is $80.61 and its two-hundred day moving average is $71.86. 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 company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.22 and a beta of 1.51. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $97.00.

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

Kaiser Aluminum Announces Dividend

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

Analyst Ratings Changes

KALU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen downgraded Kaiser Aluminum from a "buy" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $78.00.

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.