3,869 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Acquired by Ethic Inc.

Ethic Inc. purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,869 shares of the industrial products company’s stock, valued at approximately $272,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its position in Kaiser Aluminum by 54.0% during the 4th quarter. Deutsche Bank AG now owns 14,191 shares of the industrial products company’s stock worth $997,000 after acquiring an additional 4,977 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Kaiser Aluminum by 115.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 51,133 shares of the industrial products company’s stock worth $3,593,000 after acquiring an additional 27,426 shares during the period. Crestline Management LP acquired a new stake in Kaiser Aluminum during the 4th quarter worth approximately $3,558,000. Cetera Investment Advisers acquired a new stake in Kaiser Aluminum during the 4th quarter worth approximately $276,000. Finally, Bridgeway Capital Management LLC acquired a new stake in Kaiser Aluminum during the 4th quarter worth approximately $4,581,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analyst Ratings Changes

KALU has been the subject of several recent analyst reports. Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Benchmark reduced their price target on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Friday, April 18th.

Kaiser Aluminum Stock Up 1.2%

KALU opened at $72.57 on Friday. The business has a 50 day simple moving average of $62.45 and a 200-day simple moving average of $70.21. The stock has a market capitalization of $1.17 billion, a P/E ratio of 25.29 and a beta of 1.40. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $102.42. 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 (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.91. The firm had revenue of $777.40 million during the quarter, compared to analysts’ expectations of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. Kaiser Aluminum’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 earnings per share. On average, equities analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 4.24%. Kaiser Aluminum’s dividend payout ratio is presently 115.36%.

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.