ETRADE Capital Management LLC lifted its stake in shares of Kaiser Aluminum Corp. (NASDAQ:KALU) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,315 shares of the industrial products company’s stock after purchasing an additional 683 shares during the quarter. ETRADE Capital Management LLC’s holdings in Kaiser Aluminum were worth $385,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in KALU. GAM Holding AG purchased a new stake in Kaiser Aluminum during the 4th quarter valued at about $419,000. BlackRock Inc. boosted its holdings in Kaiser Aluminum by 0.6% during the 4th quarter. BlackRock Inc. now owns 2,345,611 shares of the industrial products company’s stock valued at $209,440,000 after acquiring an additional 13,081 shares during the period. California Public Employees Retirement System boosted its holdings in Kaiser Aluminum by 8.0% during the 4th quarter. California Public Employees Retirement System now owns 32,592 shares of the industrial products company’s stock valued at $2,910,000 after acquiring an additional 2,408 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Kaiser Aluminum by 1.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,449 shares of the industrial products company’s stock valued at $574,000 after acquiring an additional 118 shares during the period. Finally, Synovus Financial Corp boosted its holdings in Kaiser Aluminum by 1.8% during the 4th quarter. Synovus Financial Corp now owns 9,518 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 172 shares during the period. Institutional investors own 97.70% of the company’s stock.
In other Kaiser Aluminum news, CEO Jack A. Hockema sold 4,500 shares of the stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $94.82, for a total value of $426,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.
NASDAQ KALU opened at $108.79 on Wednesday. Kaiser Aluminum Corp. has a fifty-two week low of $83.29 and a fifty-two week high of $119.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.20 and a quick ratio of 2.48. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 16.81 and a beta of 0.98.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.22. Kaiser Aluminum had a return on equity of 14.49% and a net margin of 5.78%. The business had revenue of $389.00 million during the quarter, compared to analysts’ expectations of $389.90 million. During the same quarter last year, the business posted $1.22 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, research analysts expect that Kaiser Aluminum Corp. will post 7.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Friday, January 25th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, January 24th. This represents a $2.40 annualized dividend and a yield of 2.21%. This is a boost from Kaiser Aluminum’s previous quarterly dividend of $0.55. Kaiser Aluminum’s dividend payout ratio (DPR) is 37.09%.
Several brokerages recently weighed in on KALU. Zacks Investment Research cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. BidaskClub upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Friday, December 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Kaiser Aluminum currently has an average rating of “Hold” and an average price target of $108.43.
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About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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