Headlands Technologies LLC Trims Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Headlands Technologies LLC reduced its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,461 shares of the industrial products company’s stock after selling 943 shares during the period. Headlands Technologies LLC’s holdings in Kaiser Aluminum were worth $103,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in Kaiser Aluminum in the third quarter valued at approximately $41,000. AlphaQuest LLC increased its holdings in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Kaiser Aluminum in the 4th quarter valued at $52,000. KBC Group NV boosted its holdings in Kaiser Aluminum by 93.0% during 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. Finally, Virtu Financial LLC acquired a new stake in Kaiser Aluminum during the third quarter valued at $217,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Sunday, March 23rd.

Kaiser Aluminum Trading Down 5.0 %

Shares of NASDAQ:KALU opened at $50.75 on Monday. The firm has a market capitalization of $817.08 million, a price-to-earnings ratio of 17.68 and a beta of 1.32. The business’s 50 day moving average price is $68.36 and its 200-day moving average price is $72.59. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. Kaiser Aluminum Co. has a 1 year low of $46.81 and a 1 year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last announced 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 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 quarter last year, the business earned $0.60 EPS. On average, equities research 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 declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 6.07%. Kaiser Aluminum’s dividend payout ratio is presently 107.32%.

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.