TrueMark Investments LLC Buys Shares of 16,520 Kaiser Aluminum Corporation $KALU

Key Points

• TrueMark Investments LLC purchased 16,520 shares of Kaiser Aluminum Corporation, valued at approximately $1.32 million, during the second quarter.
• Kaiser Aluminum's stock is currently priced at $78.07, with a market capitalization of $1.26 billion, and is down 1.9% recently.
• The company announced a quarterly dividend of $0.77 per share, representing an annual yield of 3.9%, to be paid on November 14th.

TrueMark Investments LLC bought a new stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,520 shares of the industrial products company's stock, valued at approximately $1,320,000. TrueMark Investments LLC owned approximately 0.10% of Kaiser Aluminum as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of KALU. CWM LLC lifted its stake in Kaiser Aluminum by 136.3% in the 2nd quarter. CWM LLC now owns 1,616 shares of the industrial products company's stock valued at $129,000 after acquiring an additional 932 shares in the last quarter. McIlrath & Eck LLC lifted its stake in Kaiser Aluminum by 50.6% in the 1st quarter. McIlrath & Eck LLC now owns 2,598 shares of the industrial products company's stock valued at $157,000 after acquiring an additional 873 shares in the last quarter. AlphaQuest LLC lifted its stake in Kaiser Aluminum by 385.7% in the 1st quarter. AlphaQuest LLC now owns 3,162 shares of the industrial products company's stock valued at $192,000 after acquiring an additional 2,511 shares in the last quarter. Headlands Technologies LLC lifted its stake in Kaiser Aluminum by 128.5% in the 1st 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Kaiser Aluminum in the 1st quarter valued at approximately $247,000. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Stock Down 1.9%

KALU stock opened at $78.07 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.26 billion, a PE ratio of 20.07 and a beta of 1.49. Kaiser Aluminum Corporation has a 1-year low of $46.81 and a 1-year high of $97.00. The business's 50 day simple moving average is $77.02 and its 200 day simple moving average is $74.16.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its earnings results on Wednesday, April 2nd. The industrial products company reported $1.21 earnings per share for the quarter. The business had revenue of $765.40 million for the quarter. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%. As a group, research analysts anticipate 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 will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 24th. Kaiser Aluminum's dividend payout ratio is currently 79.18%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. Zacks Research cut Kaiser Aluminum from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kaiser Aluminum in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company assumed coverage on Kaiser Aluminum in a research note on Wednesday, October 8th. They set an "overweight" rating and a $90.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Kaiser Aluminum has an average rating of "Hold" and a consensus price target of $82.00.

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.

Want to see what other hedge funds are holding KALU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.