Intech Investment Management LLC Increases Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Intech Investment Management LLC lifted its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 124.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,020 shares of the industrial products company's stock after buying an additional 36,029 shares during the quarter. Intech Investment Management LLC owned approximately 0.40% of Kaiser Aluminum worth $4,569,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KALU. Point72 DIFC Ltd acquired a new stake in shares of Kaiser Aluminum in the third quarter valued at about $41,000. AlphaQuest LLC boosted its holdings in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after buying an additional 542 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Kaiser Aluminum in the 4th quarter worth about $52,000. KBC Group NV increased its stake 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 buying an additional 410 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Kaiser Aluminum in the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

Shares of KALU stock traded down $2.86 during trading hours on Friday, reaching $66.28. The company had a trading volume of 287,142 shares, compared to its average volume of 128,458. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The stock has a fifty day moving average of $70.72 and a 200-day moving average of $73.09. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37. Kaiser Aluminum Co. has a 12-month low of $63.44 and a 12-month high of $102.42.

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Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). The company had revenue of $765.40 million during the quarter, compared to analysts' expectations of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, equities analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum's dividend payout ratio is currently 107.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Sunday.

About Kaiser Aluminum

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.