Systematic Financial Management LP Purchases 20,263 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Systematic Financial Management LP lifted its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,180 shares of the industrial products company's stock after purchasing an additional 20,263 shares during the period. Systematic Financial Management LP owned about 1.59% of Kaiser Aluminum worth $17,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KALU. AlphaQuest LLC grew its stake in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 542 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Kaiser Aluminum during the fourth quarter valued at $52,000. KBC Group NV grew its stake in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 410 shares in the last quarter. Aquatic Capital Management LLC grew its stake 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 valued at $118,000 after acquiring an additional 784 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake 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 valued at $124,000 after acquiring an additional 1,352 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Price Performance

KALU stock traded up $0.18 during trading on Monday, hitting $72.75. 103,397 shares of the company's stock traded hands, compared to its average volume of 139,150. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $102.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The business has a fifty day simple moving average of $62.56 and a 200 day simple moving average of $70.16. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.35 and a beta of 1.40.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $788.00 million. During the same quarter last year, the business earned $1.02 earnings per share. Kaiser Aluminum's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 4.23%. Kaiser Aluminum's dividend payout ratio (DPR) is currently 115.36%.

Analyst Upgrades and Downgrades

KALU has been the subject of several research analyst reports. Benchmark cut 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 note on Monday, April 21st. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Finally, Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.

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.