Kaiser Aluminum Corporation $KALU Shares Acquired by Public Sector Pension Investment Board

Key Points

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Public Sector Pension Investment Board boosted its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 27.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,570 shares of the industrial products company's stock after acquiring an additional 10,898 shares during the period. Public Sector Pension Investment Board owned about 0.31% of Kaiser Aluminum worth $3,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC lifted its position 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 valued at $118,000 after acquiring an additional 784 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in Kaiser Aluminum in the fourth quarter valued at $121,000. Tower Research Capital LLC TRC lifted its position 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 valued at $124,000 after acquiring an additional 1,352 shares during the last quarter. Headlands Technologies LLC lifted its position in Kaiser Aluminum by 128.5% in the first quarter. Headlands Technologies LLC now owns 3,338 shares of the industrial products company's stock valued at $202,000 after acquiring an additional 1,877 shares during the last quarter. Finally, Snowden Capital Advisors LLC purchased a new stake in Kaiser Aluminum in the fourth quarter valued at $205,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU traded up $3.79 on Friday, reaching $79.57. The company's stock had a trading volume of 183,910 shares, compared to its average volume of 121,295. The stock's 50-day moving average is $80.51 and its two-hundred day moving average is $71.75. Kaiser Aluminum Corporation has a 52-week low of $46.81 and a 52-week high of $97.00. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30. The stock has a market capitalization of $1.29 billion, a P/E ratio of 20.46 and a beta of 1.51.

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

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 25th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, July 25th. Kaiser Aluminum's payout ratio is 79.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a research report on Sunday, August 17th. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a report on Monday, July 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.