Kaiser Aluminum Corporation $KALU Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Kaiser Aluminum Corporation (NASDAQ:KALU) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 536,208 shares of the industrial products company’s stock after acquiring an additional 36,894 shares during the quarter. American Century Companies Inc. owned 3.31% of Kaiser Aluminum worth $42,843,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kaiser Aluminum in the 1st quarter valued at about $1,598,000. Voya Investment Management LLC raised its position in Kaiser Aluminum by 40.5% during the first quarter. Voya Investment Management LLC now owns 18,628 shares of the industrial products company’s stock valued at $1,129,000 after acquiring an additional 5,372 shares in the last quarter. Virtu Financial LLC purchased a new position in Kaiser Aluminum during the first quarter valued at approximately $430,000. Nuveen LLC acquired a new position in Kaiser Aluminum in the first quarter valued at approximately $2,622,000. Finally, Envestnet Asset Management Inc. boosted its position in Kaiser Aluminum by 62.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 66,773 shares of the industrial products company’s stock worth $5,335,000 after purchasing an additional 25,546 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Kaiser Aluminum from $90.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Zacks Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Wall Street Zen raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Weiss Ratings upgraded shares of Kaiser Aluminum from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kaiser Aluminum from $82.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Kaiser Aluminum presently has a consensus rating of “Moderate Buy” and an average target price of $95.67.

Insiders Place Their Bets

In related news, EVP Blain Tiffany sold 8,656 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $93.92, for a total transaction of $812,971.52. Following the completion of the sale, the executive vice president owned 26,275 shares of the company’s stock, valued at approximately $2,467,748. This represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Kaiser Aluminum Stock Performance

NASDAQ KALU opened at $95.91 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.48 and a quick ratio of 1.08. The stock’s 50 day simple moving average is $85.96 and its 200-day simple moving average is $80.89. The company has a market cap of $1.55 billion, a PE ratio of 17.34 and a beta of 1.58. Kaiser Aluminum Corporation has a 1-year low of $46.81 and a 1-year high of $97.63.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, April 2nd. The industrial products company reported $1.21 EPS for the quarter. The firm had revenue of $765.40 million during the quarter. Kaiser Aluminum had a return on equity of 10.67% and a net margin of 2.85%. As a group, equities research analysts anticipate that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 24th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, October 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 55.70%.

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.