GAMMA Investing LLC raised its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 5,608.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,161 shares of the industrial products company's stock after buying an additional 38,475 shares during the quarter. GAMMA Investing LLC owned 0.24% of Kaiser Aluminum worth $2,374,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC boosted its stake in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after buying an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Kaiser Aluminum in the fourth quarter worth $52,000. Aquatic Capital Management LLC boosted its stake 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 worth $118,000 after purchasing an additional 784 shares in the last quarter. McIlrath & Eck LLC acquired a new position in Kaiser Aluminum in the fourth quarter worth $121,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 worth $124,000 after purchasing an additional 1,352 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.
Kaiser Aluminum Stock Down 2.0%
KALU stock opened at $76.27 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average price of $67.02 and a two-hundred day moving average price of $69.40. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 26.57 and a beta of 1.43. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $100.07.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.53 by $0.91. The company had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. Analysts anticipate that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 4.04%. Kaiser Aluminum's dividend payout ratio is presently 115.36%.
Analyst Upgrades and Downgrades
KALU has been the subject of a number of recent research reports. Benchmark dropped their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded Kaiser Aluminum from a "hold" rating to a "buy" rating in a research report on Saturday. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th.
Get Our Latest Stock Analysis on Kaiser Aluminum
Kaiser Aluminum Profile
(
Free Report)
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.
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