Systematic Financial Management LP Boosts Holdings in Kaiser Aluminum Corporation $KALU

Key Points

• Systematic Financial Management LP increased its stake in Kaiser Aluminum Corporation by 2.3%, acquiring an additional 5,922 shares for a total of 261,102 shares, valued at approximately $15.83 million.
• Kaiser Aluminum recently reported earnings of $1.21 per share, significantly exceeding analyst estimates of $0.49, along with revenue of $823.10 million, surpassing expected revenues of $786.70 million.
• The company announced a quarterly dividend of $0.77 per share, with an annualized yield of 3.9%, and a payout ratio of 79.18% as of the recent quarter.

Systematic Financial Management LP boosted its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 261,102 shares of the industrial products company's stock after acquiring an additional 5,922 shares during the period. Systematic Financial Management LP owned 1.62% of Kaiser Aluminum worth $15,828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Kaiser Aluminum by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company's stock worth $55,517,000 after acquiring an additional 14,296 shares during the period. American Century Companies Inc. increased its holdings in Kaiser Aluminum by 11.5% during the 1st quarter. American Century Companies Inc. now owns 499,314 shares of the industrial products company's stock worth $30,268,000 after acquiring an additional 51,591 shares during the period. Wellington Management Group LLP increased its holdings in Kaiser Aluminum by 5.1% during the 1st quarter. Wellington Management Group LLP now owns 454,114 shares of the industrial products company's stock worth $27,528,000 after acquiring an additional 22,134 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Kaiser Aluminum by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 299,274 shares of the industrial products company's stock worth $18,142,000 after acquiring an additional 956 shares during the period. Finally, Northern Trust Corp increased its holdings in Kaiser Aluminum by 16.7% during the 4th quarter. Northern Trust Corp now owns 198,201 shares of the industrial products company's stock worth $13,928,000 after acquiring an additional 28,359 shares during the period. Institutional investors own 99.29% of the company's stock.

Analyst Upgrades and Downgrades

KALU has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen cut shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $78.00.

Kaiser Aluminum Trading Down 0.7%

Shares of KALU stock traded down $0.55 on Thursday, hitting $78.15. 29,681 shares of the company's stock traded hands, compared to its average volume of 134,670. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.30 and a current ratio of 2.70. Kaiser Aluminum Corporation has a one year low of $46.81 and a one year high of $97.00. The company's fifty day simple moving average is $80.68 and its 200 day simple moving average is $71.91. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.06 and a beta of 1.51.

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

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 3.9%. The ex-dividend date was Friday, July 25th. Kaiser Aluminum's dividend payout ratio (DPR) is currently 79.18%.

About Kaiser Aluminum

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.