Vanguard Group Inc. Increases Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Vanguard Group Inc. lifted its position in shares of Kaiser Aluminum Co. (NASDAQ:KALUFree Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,887,751 shares of the industrial products company’s stock after purchasing an additional 10,676 shares during the period. Vanguard Group Inc. owned 11.79% of Kaiser Aluminum worth $134,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KALU. International Assets Investment Management LLC purchased a new position in shares of Kaiser Aluminum in the 4th quarter worth approximately $51,000. Headlands Technologies LLC boosted its position in Kaiser Aluminum by 131.8% in the fourth quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 878 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Kaiser Aluminum by 11.3% during the 4th quarter. New York State Teachers Retirement System now owns 4,927 shares of the industrial products company’s stock valued at $351,000 after purchasing an additional 500 shares during the last quarter. Trust Point Inc. purchased a new stake in shares of Kaiser Aluminum during the 4th quarter valued at $526,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Kaiser Aluminum during the 4th quarter worth $570,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KALU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and issued a $84.00 price target on shares of Kaiser Aluminum in a report on Friday, April 19th.

View Our Latest Stock Report on Kaiser Aluminum

Kaiser Aluminum Price Performance

NASDAQ KALU opened at $90.98 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.66 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.46 billion, a PE ratio of 26.45 and a beta of 1.35. Kaiser Aluminum Co. has a 52 week low of $53.67 and a 52 week high of $102.42. The firm’s 50-day simple moving average is $93.73 and its two-hundred day simple moving average is $81.10.

Kaiser Aluminum (NASDAQ:KALUGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.44. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The company had revenue of $738.00 million for the quarter, compared to analysts’ expectations of $733.34 million. During the same period in the prior year, the company posted $0.99 EPS. Kaiser Aluminum’s revenue was down 8.7% compared to the same quarter last year. Research analysts predict that Kaiser Aluminum Co. will post 4.12 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

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.

Further Reading

Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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