Stephens Inc. AR Acquires 7,016 Shares of Kaiser Aluminum Corporation (NASDAQ:KALU)

Stephens Inc. AR lifted its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 15.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,846 shares of the industrial products company's stock after purchasing an additional 7,016 shares during the period. Stephens Inc. AR owned 0.32% of Kaiser Aluminum worth $3,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KALU. Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum during the 4th quarter valued at about $52,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kaiser Aluminum by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock valued at $20,963,000 after acquiring an additional 3,816 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Kaiser Aluminum in the 4th quarter valued at about $2,245,000. Amundi lifted its stake in Kaiser Aluminum by 196.0% in the fourth quarter. Amundi now owns 8,934 shares of the industrial products company's stock worth $629,000 after purchasing an additional 5,916 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake 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 purchasing an additional 542 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KALU has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Wall Street Zen raised shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Finally, Benchmark dropped their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st.

Kaiser Aluminum Stock Down 0.5%

NASDAQ:KALU traded down $0.42 during midday trading on Friday, hitting $89.68. 136,117 shares of the company were exchanged, compared to its average volume of 136,786. The company has a fifty day simple moving average of $78.34 and a 200 day simple moving average of $70.52. Kaiser Aluminum Corporation has a fifty-two week low of $46.81 and a fifty-two week high of $97.27. The company has a current ratio of 2.67, a quick ratio of 1.27 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $1.45 billion, a PE ratio of 33.59 and a beta of 1.44.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.43% and a return on equity of 7.02%. The company had revenue of $777.40 million for the quarter, compared to analyst estimates of $788.00 million. During the same period in the previous year, the business posted $1.02 earnings per share. Kaiser Aluminum's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts anticipate that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently declared 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 yield of 3.43%. The ex-dividend date of this dividend is Friday, July 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 115.36%.

Kaiser Aluminum 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.