Rhumbline Advisers Has $2.95 Million Stock Position in Kaiser Aluminum Corporation $KALU

Rhumbline Advisers lessened its holdings in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,682 shares of the industrial products company’s stock after selling 511 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Kaiser Aluminum worth $2,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KALU. Third Avenue Management LLC lifted its position in shares of Kaiser Aluminum by 0.3% in the first quarter. Third Avenue Management LLC now owns 79,828 shares of the industrial products company’s stock valued at $4,839,000 after buying an additional 205 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Kaiser Aluminum by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 4,217 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 287 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kaiser Aluminum by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,094 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 317 shares during the period. Two Sigma Investments LP boosted its stake in shares of Kaiser Aluminum by 12.8% during the 4th quarter. Two Sigma Investments LP now owns 4,804 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 546 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Kaiser Aluminum by 15.8% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 4,118 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 561 shares during the period. Institutional investors own 99.29% of the company’s stock.

Analyst Upgrades and Downgrades

KALU has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $64.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Wall Street Zen upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Kaiser Aluminum has a consensus rating of “Hold” and a consensus price target of $78.00.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $77.36 on Tuesday. The business has a fifty day moving average price of $79.79 and a two-hundred day moving average price of $72.38. The stock has a market capitalization of $1.25 billion, a PE ratio of 19.89 and a beta of 1.54. Kaiser Aluminum Corporation has a fifty-two week low of $46.81 and a fifty-two week high of $97.00. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.70 and a quick ratio of 1.30.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.72. The firm had revenue of $823.10 million for the quarter, compared to the consensus estimate of $786.70 million. Kaiser Aluminum had a return on equity of 8.03% and a net margin of 2.05%. As a group, equities analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 25th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, July 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 79.18%.

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.