Raymond James Financial Inc. Takes Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Raymond James Financial Inc. purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,943 shares of the industrial products company's stock, valued at approximately $2,245,000. Raymond James Financial Inc. owned 0.20% of Kaiser Aluminum as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KALU. Point72 DIFC Ltd purchased a new stake in shares of Kaiser Aluminum in the 3rd quarter worth $41,000. Jones Financial Companies Lllp bought a new stake in Kaiser Aluminum during the fourth quarter valued at about $52,000. KBC Group NV increased its position in Kaiser Aluminum by 93.0% in the fourth 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. Millburn Ridgefield Corp bought a new position in shares of Kaiser Aluminum in the third quarter worth about $169,000. Finally, Virtu Financial LLC purchased a new position in shares of Kaiser Aluminum during the 3rd quarter valued at about $217,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock traded down $6.38 during mid-day trading on Thursday, hitting $53.41. The stock had a trading volume of 261,718 shares, compared to its average volume of 134,139. Kaiser Aluminum Co. has a one year low of $53.30 and a one year high of $102.42. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $859.90 million, a P/E ratio of 18.61 and a beta of 1.32. The firm's 50 day moving average is $68.79 and its 200 day moving average is $72.67.

Remove Ads

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released 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). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million for the quarter, compared to analysts' expectations of $752.00 million. During the same quarter in the prior year, the business posted $0.60 EPS. On average, sell-side analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 5.77%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum's payout ratio is currently 107.32%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Sunday, March 23rd.

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.