2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. increased its position in Kaiser Aluminum Co. ( NASDAQ:KALU – Free Report ) by 1.
4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,106 shares of the industrial products company’s stock after purchasing an additional 556 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.26% of Kaiser Aluminum worth $2,889,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds also recently made changes to their positions in KALU.
AlphaQuest LLC lifted its position in Kaiser Aluminum by 497.2% during 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 during the period.
Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum in the 4th quarter worth about $52,000. KBC Group NV lifted its position 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 acquiring an additional 410 shares during the period. Virtu Financial LLC purchased a new stake in Kaiser Aluminum in the third quarter worth about $217,000. Finally, HighTower Advisors LLC bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $213,000.
Hedge funds and other institutional investors own 99.29% of the company’s stock. Wall Street Analyst Weigh In KALU has been the topic of several recent research reports.
Benchmark cut their price target on Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 21st.
StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Finally, Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research report on Friday, April 11th.
Kaiser Aluminum Stock Performance Shares of KALU opened at $60.66 on Friday. Kaiser Aluminum Co.
has a 12 month low of $46.81 and a 12 month high of $102.42.
The business’s fifty day simple moving average is $62.85 and its two-hundred day simple moving average is $70.60.
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 company has a market cap of $976.63 million, a price-to-earnings ratio of 21.
14 and a beta of 1.32. Kaiser Aluminum ( NASDAQ:KALU – Get Free Report ) last released its quarterly earnings data on Wednesday, April 23rd.
The industrial products company reported $1.44 EPS for the quarter, topping the consensus estimate of $0.53 by $0.
91. The company had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.
00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.
55%. Research analysts anticipate 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 will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be given a dividend of $0.
77 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.
08 dividend on an annualized basis and a yield of 5.08%. Kaiser Aluminum’s dividend payout ratio (DPR) is 107.
32%. 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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