26,355 Shares in Kaiser Aluminum Corporation (NASDAQ:KALU) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,355 shares of the industrial products company's stock, valued at approximately $1,598,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Kaiser Aluminum at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Kaiser Aluminum by 103.6% in the fourth quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after acquiring an additional 219,827 shares during the period. Bridgeway Capital Management LLC bought a new position in shares of Kaiser Aluminum in the fourth quarter worth $4,581,000. Crestline Management LP bought a new position in shares of Kaiser Aluminum in the fourth quarter worth $3,558,000. Norges Bank bought a new position in shares of Kaiser Aluminum in the fourth quarter worth $3,312,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Kaiser Aluminum by 5,608.6% in the first quarter. GAMMA Investing LLC now owns 39,161 shares of the industrial products company's stock worth $2,374,000 after acquiring an additional 38,475 shares during the period. 99.29% of the stock is owned by institutional investors.

Kaiser Aluminum Trading Down 1.1%

Shares of NASDAQ:KALU traded down $0.83 on Monday, reaching $73.02. 21,904 shares of the company traded hands, compared to its average volume of 138,949. The business's 50-day simple moving average is $80.84 and its 200 day simple moving average is $71.40. Kaiser Aluminum Corporation has a 52 week low of $46.81 and a 52 week high of $97.00. The stock has a market capitalization of $1.18 billion, a P/E ratio of 18.76 and a beta of 1.51. The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39.

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

Kaiser Aluminum Dividend Announcement

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 paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, July 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.2%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 79.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Benchmark lowered their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wall Street Zen upgraded Kaiser Aluminum from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $64.00 to $82.00 and gave the company a "neutral" rating in a research report on Monday, July 28th.

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.