GAMMA Investing LLC Has $2.37 Million Stock Holdings in Kaiser Aluminum Corporation (NASDAQ:KALU)

GAMMA Investing LLC increased its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 5,608.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,161 shares of the industrial products company's stock after acquiring an additional 38,475 shares during the quarter. GAMMA Investing LLC owned about 0.24% of Kaiser Aluminum worth $2,374,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KALU. Dimensional Fund Advisors LP grew its position in shares of 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 purchasing an additional 14,296 shares during the last quarter. American Century Companies Inc. boosted its stake in Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock valued at $31,461,000 after purchasing an additional 49,948 shares during the period. Wellington Management Group LLP grew its holdings in Kaiser Aluminum by 103.6% in the 4th 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 Kaiser Aluminum by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock worth $20,963,000 after buying an additional 3,816 shares during the period. Finally, Systematic Financial Management LP increased its position in Kaiser Aluminum by 8.6% during the 4th quarter. Systematic Financial Management LP now owns 255,180 shares of the industrial products company's stock worth $17,931,000 after buying an additional 20,263 shares during the period. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU traded up $0.39 during trading on Tuesday, reaching $76.62. 87,551 shares of the company traded hands, compared to its average volume of 136,992. The company's 50 day moving average is $67.98 and its two-hundred day moving average is $69.24. The firm has a market capitalization of $1.24 billion, a PE ratio of 28.70 and a beta of 1.43. The company has a quick ratio of 1.27, a current ratio of 2.67 and a debt-to-equity ratio of 1.38. Kaiser Aluminum Corporation has a 52 week low of $46.81 and a 52 week high of $100.07.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 7.02% and a net margin of 1.43%. The business had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. Kaiser Aluminum's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. As a group, sell-side analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's payout ratio is presently 115.36%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KALU. JPMorgan Chase & Co. boosted their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Benchmark dropped their price objective 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. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Finally, Wall Street Zen raised shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a report on Saturday.

About Kaiser Aluminum

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.