Systematic Financial Management LP Boosts Stock Position 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 raised its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,102 shares of the industrial products company's stock after purchasing an additional 5,922 shares during the period. Systematic Financial Management LP owned about 1.62% of Kaiser Aluminum worth $15,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Kaiser Aluminum during the 1st quarter valued at $674,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kaiser Aluminum during the 1st quarter valued at $1,598,000. Deutsche Bank AG raised its position in shares of Kaiser Aluminum by 54.0% in the 4th quarter. Deutsche Bank AG now owns 14,191 shares of the industrial products company's stock worth $997,000 after acquiring an additional 4,977 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Kaiser Aluminum in the 4th quarter worth $2,245,000. Finally, Virtu Financial LLC bought a new position in shares of Kaiser Aluminum in the 1st quarter worth $430,000. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Stock Down 0.8%

KALU stock traded down $0.61 on Wednesday, hitting $78.70. 57,746 shares of the company's stock were exchanged, compared to its average volume of 135,332. Kaiser Aluminum Corporation has a 12-month low of $46.81 and a 12-month high of $97.00. The firm has a 50 day moving average price of $80.61 and a two-hundred day moving average price of $71.86. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.30 and a current ratio of 2.70. The stock has a market cap of $1.27 billion, a P/E ratio of 20.23 and a beta of 1.51.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $786.70 million. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%. As a group, equities research analysts expect that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, July 25th. Kaiser Aluminum's payout ratio is presently 79.18%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen lowered Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.