Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP lifted its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,180 shares of the industrial products company's stock after buying 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 SEC filing.

A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC grew its position in Kaiser Aluminum by 497.2% during the 4th 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 last quarter. Jones Financial Companies Lllp bought a new position in Kaiser Aluminum during the 4th quarter worth approximately $52,000. KBC Group NV grew its position in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after acquiring an additional 410 shares during the last quarter. Aquatic Capital Management LLC grew its position in Kaiser Aluminum by 87.1% during the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after acquiring an additional 784 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Kaiser Aluminum by 325.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after acquiring an additional 1,352 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Down 1.5%

Shares of KALU stock traded down $1.04 during trading hours on Thursday, reaching $69.46. The company's stock had a trading volume of 64,979 shares, compared to its average volume of 138,598. The stock has a market capitalization of $1.12 billion, a P/E ratio of 24.20 and a beta of 1.40. Kaiser Aluminum Co. has a one year low of $46.81 and a one year high of $100.49. The firm's fifty day simple moving average is $62.63 and its 200 day simple moving average is $70.18. 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 (NASDAQ:KALU - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $1.02 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Equities research analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were given a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.43%. Kaiser Aluminum's dividend payout ratio is presently 115.36%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KALU shares. Wall Street Zen upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. lifted their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Benchmark cut their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report 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.