Ethic Inc. Buys New Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Ethic Inc. acquired a new position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,869 shares of the industrial products company's stock, valued at approximately $272,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in Kaiser Aluminum by 101.3% during the third quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock worth $1,991,000 after purchasing an additional 13,813 shares in the last quarter. Franklin Resources Inc. lifted its stake in Kaiser Aluminum by 7.8% during the third quarter. Franklin Resources Inc. now owns 18,440 shares of the industrial products company's stock worth $1,332,000 after purchasing an additional 1,337 shares in the last quarter. Ellsworth Advisors LLC acquired a new position in Kaiser Aluminum during the fourth quarter worth $630,000. Tributary Capital Management LLC lifted its stake in Kaiser Aluminum by 9.3% during the fourth quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock worth $18,925,000 after purchasing an additional 22,839 shares in the last quarter. Finally, KBC Group NV lifted its stake in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after purchasing an additional 410 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KALU has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Finally, Benchmark decreased their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, April 21st.

Kaiser Aluminum Stock Up 0.1%

Shares of NASDAQ KALU traded up $0.06 during mid-day trading on Friday, hitting $69.85. The company had a trading volume of 104,099 shares, compared to its average volume of 138,707. The company has a market capitalization of $1.13 billion, a PE ratio of 24.34 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $100.49. The business's 50-day simple moving average is $62.61 and its 200 day simple moving average is $70.06.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.91. The business had revenue of $777.40 million for the quarter, compared to analysts' expectations of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share. On average, analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 25th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's payout ratio is currently 115.36%.

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.