Wellington Management Group LLP raised its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 103.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 431,980 shares of the industrial products company's stock after acquiring an additional 219,827 shares during the period. Wellington Management Group LLP owned about 2.68% of Kaiser Aluminum worth $30,355,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of KALU. New York State Teachers Retirement System boosted its stake in shares of Kaiser Aluminum by 6.2% in the 4th quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company's stock valued at $483,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV lifted its holdings in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares during the last quarter. AlphaQuest LLC boosted its position in Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after buying an additional 542 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Kaiser Aluminum during the third quarter worth about $41,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Kaiser Aluminum during the fourth quarter worth approximately $52,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Kaiser Aluminum Price Performance
Shares of NASDAQ KALU traded up $3.23 during trading on Friday, reaching $55.50. The company had a trading volume of 202,265 shares, compared to its average volume of 138,150. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $102.42. The business's 50 day moving average price is $65.88 and its 200-day moving average price is $71.68. The stock has a market cap of $893.55 million, a PE ratio of 19.34 and a beta of 1.32. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. During the same period in the prior year, the business earned $0.60 EPS. Analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.
Kaiser Aluminum Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.55%. Kaiser Aluminum's payout ratio is currently 107.32%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on KALU. StockNews.com downgraded Kaiser Aluminum from a "hold" rating to a "sell" rating in a report on Thursday. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday.
View Our Latest Research Report on Kaiser Aluminum
About Kaiser Aluminum
(
Free Report)
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.
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