Stephens Inc. AR grew its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 15.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,846 shares of the industrial products company's stock after buying an additional 7,016 shares during the quarter. Stephens Inc. AR owned approximately 0.32% of Kaiser Aluminum worth $3,143,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of KALU. AlphaQuest LLC increased its position in Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after buying an additional 542 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Kaiser Aluminum in the fourth quarter worth about $52,000. Aquatic Capital Management LLC increased 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 worth $118,000 after buying an additional 784 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in Kaiser Aluminum in the fourth quarter worth about $121,000. Finally, Tower Research Capital LLC TRC increased 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 worth $124,000 after buying an additional 1,352 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.
Kaiser Aluminum Stock Performance
NASDAQ:KALU opened at $87.61 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 1.27 and a debt-to-equity ratio of 1.38. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $100.07. The stock has a 50-day moving average price of $77.03 and a 200 day moving average price of $70.13. The stock has a market capitalization of $1.42 billion, a P/E ratio of 32.81 and a beta of 1.44.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 7.02% and a net margin of 1.43%. The firm had revenue of $777.40 million during the quarter, compared to analysts' expectations of $788.00 million. During the same quarter last year, the business posted $1.02 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 25th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.52%. Kaiser Aluminum's dividend payout ratio is currently 115.36%.
Wall Street Analyst Weigh In
A number of brokerages have commented on KALU. Wall Street Zen upgraded Kaiser Aluminum from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. 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 report on Monday, April 28th. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Finally, Benchmark cut 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.
Read Our Latest Stock Report on KALU
About Kaiser Aluminum
(
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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