Victory Capital Management Inc. increased its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,318,145 shares of the industrial products company's stock after purchasing an additional 68,987 shares during the period. Victory Capital Management Inc. owned 8.23% of Kaiser Aluminum worth $93,839,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Kaiser Aluminum by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,877,075 shares of the industrial products company's stock valued at $141,269,000 after purchasing an additional 8,771 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Kaiser Aluminum by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,307 shares of the industrial products company's stock valued at $19,515,000 after purchasing an additional 4,685 shares during the period. First Eagle Investment Management LLC lifted its position in Kaiser Aluminum by 105.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 113,312 shares of the industrial products company's stock valued at $8,528,000 after purchasing an additional 58,171 shares during the period. Mutual of America Capital Management LLC lifted its position in Kaiser Aluminum by 2.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 104,158 shares of the industrial products company's stock valued at $7,839,000 after purchasing an additional 2,200 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Kaiser Aluminum by 7.9% during the 3rd quarter. New York State Common Retirement Fund now owns 93,133 shares of the industrial products company's stock valued at $7,009,000 after purchasing an additional 6,793 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.
Kaiser Aluminum Trading Up 1.9 %
Shares of NASDAQ:KALU traded up $1.78 during mid-day trading on Friday, reaching $96.11. The stock had a trading volume of 156,017 shares, compared to its average volume of 197,124. The firm has a market cap of $1.54 billion, a PE ratio of 27.94 and a beta of 1.37. The firm has a 50 day simple moving average of $84.64 and a two-hundred day simple moving average of $70.90. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a twelve month low of $53.67 and a twelve month high of $96.47.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.44. Kaiser Aluminum had a return on equity of 8.40% and a net margin of 1.85%. The business had revenue of $738.00 million during the quarter, compared to analysts' expectations of $733.34 million. During the same period in the prior year, the business earned $0.99 EPS. Kaiser Aluminum's revenue for the quarter was down 8.7% compared to the same quarter last year. On average, research analysts predict that Kaiser Aluminum Co. will post 4.12 EPS for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. Kaiser Aluminum's payout ratio is 89.53%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on KALU. UBS Group began coverage on shares of Kaiser Aluminum in a research report on Tuesday, January 16th. They set a "neutral" rating and a $67.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a "neutral" rating in a research report on Wednesday, April 10th. Finally, Benchmark reiterated a "buy" rating and issued a $84.00 price target on shares of Kaiser Aluminum in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kaiser Aluminum currently has a consensus rating of "Hold" and an average price target of $77.00.
Read Our Latest Stock Analysis on KALU
Kaiser Aluminum Profile
(
Free Report)
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.
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