Kaiser Aluminum Co. (NASDAQ:KALU) Stake Raised by New York State Teachers Retirement System

New York State Teachers Retirement System increased its stake in Kaiser Aluminum Co. (NASDAQ:KALU) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,927 shares of the industrial products company’s stock after purchasing an additional 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Kaiser Aluminum were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Kaiser Aluminum by 4.0% in the 2nd quarter. BlackRock Inc. now owns 2,734,901 shares of the industrial products company’s stock worth $195,928,000 after purchasing an additional 104,632 shares in the last quarter. Vanguard Group Inc. increased its stake in Kaiser Aluminum by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,902,149 shares of the industrial products company’s stock worth $116,697,000 after purchasing an additional 40,795 shares in the last quarter. Victory Capital Management Inc. increased its stake in Kaiser Aluminum by 3.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,383,255 shares of the industrial products company’s stock worth $105,072,000 after purchasing an additional 51,754 shares in the last quarter. State Street Corp increased its stake in Kaiser Aluminum by 30.6% in the 1st quarter. State Street Corp now owns 1,132,280 shares of the industrial products company’s stock worth $106,615,000 after purchasing an additional 265,426 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Kaiser Aluminum by 4.4% in the 2nd quarter. Geode Capital Management LLC now owns 323,285 shares of the industrial products company’s stock worth $23,160,000 after purchasing an additional 13,484 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 0.2 %

Shares of NASDAQ KALU opened at $90.17 on Friday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 30.88 and a beta of 1.38. The business has a 50 day simple moving average of $79.01 and a 200 day simple moving average of $69.19. Kaiser Aluminum Co. has a 52 week low of $53.67 and a 52 week high of $95.56. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.39 and a current ratio of 2.68.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.94. The business had revenue of $722.00 million during the quarter, compared to analysts’ expectations of $716.01 million. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.66) EPS. On average, research analysts predict that Kaiser Aluminum Co. will post 3.65 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be issued a $0.77 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.42%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 105.48%.

Analyst Ratings Changes

Several equities analysts have weighed in on KALU shares. UBS Group started coverage on Kaiser Aluminum in a research note on Tuesday, January 16th. They set a “neutral” rating and a $67.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $77.00.

Kaiser Aluminum Company 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.