Schonfeld Strategic Advisors LLC bought a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,859 shares of the industrial products company's stock, valued at approximately $552,000.
Other large investors have also modified their holdings of the company. AlphaQuest LLC grew its holdings in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Kaiser Aluminum in the 4th quarter valued at about $52,000. KBC Group NV lifted its stake in shares of Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares during the period. Aquatic Capital Management LLC boosted its holdings in Kaiser Aluminum by 87.1% during the fourth quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after buying an additional 784 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Kaiser Aluminum by 325.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after buying an additional 1,352 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on KALU shares. 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. StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Finally, Benchmark cut their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, April 21st.
View Our Latest Analysis on Kaiser Aluminum
Kaiser Aluminum Price Performance
NASDAQ:KALU traded down $0.19 during trading hours on Tuesday, reaching $71.40. 100,116 shares of the company traded hands, compared to its average volume of 139,330. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The firm's 50-day moving average is $62.18 and its 200-day moving average is $70.30. The stock has a market cap of $1.15 billion, a P/E ratio of 24.88 and a beta of 1.40. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $102.42.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The company had revenue of $777.40 million for the quarter, compared to analyst estimates of $788.00 million. During the same quarter in the prior year, the company posted $1.02 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.31%. Kaiser Aluminum's payout ratio is 115.36%.
Kaiser Aluminum Company 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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