Numerai GP LLC Purchases New Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Numerai GP LLC bought a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,893 shares of the industrial products company's stock, valued at approximately $906,000. Numerai GP LLC owned 0.08% of Kaiser Aluminum as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of Kaiser Aluminum during the fourth quarter worth approximately $3,878,000. American Century Companies Inc. lifted its holdings in Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after purchasing an additional 49,948 shares during the last quarter. Wellington Management Group LLP boosted its stake in Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock valued at $30,355,000 after purchasing an additional 219,827 shares during the period. Barclays PLC grew its holdings in Kaiser Aluminum by 101.3% in the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock valued at $1,991,000 after buying an additional 13,813 shares in the last quarter. Finally, Amundi increased its position in Kaiser Aluminum by 196.0% during the 4th quarter. Amundi now owns 8,934 shares of the industrial products company's stock worth $629,000 after buying an additional 5,916 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KALU. Benchmark reduced their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, April 21st. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Finally, Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock traded down $0.64 during trading hours on Tuesday, reaching $72.12. 7,591 shares of the stock were exchanged, compared to its average volume of 138,633. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $102.42. The company has a market cap of $1.16 billion, a P/E ratio of 25.13 and a beta of 1.40. The stock has a 50 day moving average of $62.56 and a two-hundred day moving average of $70.16.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $777.40 million for the quarter, compared to analysts' expectations of $788.00 million. During the same period last year, the firm posted $1.02 earnings per share. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.27%. Kaiser Aluminum's dividend payout ratio (DPR) is currently 115.36%.

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.