15,962 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,962 shares of the industrial products company's stock, valued at approximately $1,136,000. Assenagon Asset Management S.A. owned about 0.10% of Kaiser Aluminum as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its stake in Kaiser Aluminum by 4.0% in the second quarter. BlackRock Inc. now owns 2,734,901 shares of the industrial products company's stock valued at $195,928,000 after purchasing an additional 104,632 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Kaiser Aluminum by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,902,149 shares of the industrial products company's stock worth $116,697,000 after acquiring an additional 40,795 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Kaiser Aluminum by 3.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,383,255 shares of the industrial products company's stock worth $105,072,000 after acquiring an additional 51,754 shares during the period. State Street Corp boosted its stake in shares of Kaiser Aluminum by 30.6% during the 1st quarter. State Street Corp now owns 1,132,280 shares of the industrial products company's stock worth $106,615,000 after acquiring an additional 265,426 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Kaiser Aluminum by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 323,285 shares of the industrial products company's stock worth $23,160,000 after acquiring an additional 13,484 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Analysts Set New Price Targets

KALU has been the subject of several research analyst reports. UBS Group initiated coverage on Kaiser Aluminum in a research note on Tuesday, January 16th. They set a "neutral" rating and a $67.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $62.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kaiser Aluminum presently has an average rating of "Hold" and a consensus price target of $71.50.

Kaiser Aluminum Stock Performance

KALU traded up $2.02 during trading on Friday, hitting $92.97. The stock had a trading volume of 116,627 shares, compared to its average volume of 197,704. The company has a 50 day moving average price of $74.44 and a 200-day moving average price of $68.05. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 31.84 and a beta of 1.38. Kaiser Aluminum Co. has a one year low of $53.67 and a one year high of $93.29. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.68 and a quick ratio of 1.39.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.94. The business had revenue of $722.00 million during the quarter, compared to the consensus estimate of $716.01 million. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm's quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted ($1.66) EPS. As a group, research analysts predict that Kaiser Aluminum Co. will post 3.59 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, January 25th were issued a $0.77 dividend. The ex-dividend date was Wednesday, January 24th. This represents a $3.08 annualized dividend and a yield of 3.31%. Kaiser Aluminum's dividend payout ratio is presently 105.48%.

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.