Kaiser Aluminum Corporation $KALU Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in Kaiser Aluminum Corporation by 7.5%, owning 69,927 shares valued at approximately $4.24 million as of the latest SEC filing.
• Analysts have raised their price targets for Kaiser Aluminum, with JPMorgan Chase & Co. increasing it from $64.00 to $82.00 and a consensus price target now set at $78.00.
• Kaiser Aluminum recently announced a $0.77 quarterly dividend, representing a 4.0% annualized yield and a payout ratio of 79.18%.

Intech Investment Management LLC boosted its stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,927 shares of the industrial products company's stock after buying an additional 4,907 shares during the quarter. Intech Investment Management LLC owned 0.43% of Kaiser Aluminum worth $4,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Kaiser Aluminum in the 1st quarter worth approximately $674,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Kaiser Aluminum in the first quarter valued at $1,598,000. Deutsche Bank AG grew its holdings in Kaiser Aluminum by 54.0% in the fourth quarter. Deutsche Bank AG now owns 14,191 shares of the industrial products company's stock valued at $997,000 after purchasing an additional 4,977 shares during the last quarter. Virtu Financial LLC acquired a new stake in Kaiser Aluminum in the first quarter valued at $430,000. Finally, Wellington Management Group LLP grew its holdings in 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 purchasing an additional 219,827 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

Shares of KALU traded up $1.71 during trading hours on Thursday, reaching $78.59. 32,630 shares of the company traded hands, compared to its average volume of 130,328. The company has a quick ratio of 1.30, a current ratio of 2.70 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.27 billion, a PE ratio of 20.20 and a beta of 1.54. Kaiser Aluminum Corporation has a fifty-two week low of $46.81 and a fifty-two week high of $97.00. The stock has a fifty day simple moving average of $79.41 and a 200 day simple moving average of $72.45.

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

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were given a dividend of $0.77 per share. 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 (DPR) is 79.18%.

Analyst Ratings Changes

A number of equities research analysts recently commented on KALU shares. Wall Street Zen raised shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. increased their price objective on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.