American Century Companies Inc. Boosts Holdings in 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 holdings in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 499,314 shares of the industrial products company's stock after acquiring an additional 51,591 shares during the quarter. American Century Companies Inc. owned 3.09% of Kaiser Aluminum worth $30,268,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Kaiser Aluminum by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company's stock valued at $55,517,000 after acquiring an additional 14,296 shares during the period. Wellington Management Group LLP increased its position in shares of Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock valued at $30,355,000 after buying an additional 219,827 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kaiser Aluminum by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 299,274 shares of the industrial products company's stock valued at $18,142,000 after buying an additional 956 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Kaiser Aluminum by 8.6% in the fourth quarter. Systematic Financial Management LP now owns 255,180 shares of the industrial products company's stock valued at $17,931,000 after buying an additional 20,263 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Kaiser Aluminum by 16.7% in the fourth quarter. Northern Trust Corp now owns 198,201 shares of the industrial products company's stock valued at $13,928,000 after buying an additional 28,359 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

KALU stock traded down $0.61 during trading on Wednesday, hitting $78.70. The stock had a trading volume of 57,746 shares, compared to its average volume of 114,552. The company's 50 day moving average price is $80.68 and its two-hundred day moving average price is $71.91. Kaiser Aluminum Corporation has a 1-year low of $46.81 and a 1-year high of $97.00. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 20.23 and a beta of 1.51. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.30 and a current ratio of 2.70.

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

Kaiser Aluminum Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.9%. Kaiser Aluminum's payout ratio is 79.18%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KALU shares. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen cut Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.