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

Headlands Technologies LLC grew its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 131.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,544 shares of the industrial products company’s stock after acquiring an additional 878 shares during the quarter. Headlands Technologies LLC’s holdings in Kaiser Aluminum were worth $110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KALU. International Assets Investment Management LLC bought a new stake in Kaiser Aluminum during the fourth quarter valued at approximately $51,000. Allspring Global Investments Holdings LLC grew its position in Kaiser Aluminum by 16.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,388 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 196 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kaiser Aluminum by 50.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,756 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 921 shares in the last quarter. New York State Teachers Retirement System increased its stake in Kaiser Aluminum by 11.3% in the fourth quarter. New York State Teachers Retirement System now owns 4,927 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 500 shares during the last quarter. Finally, Keybank National Association OH raised its position in Kaiser Aluminum by 8.3% during the third quarter. Keybank National Association OH now owns 6,383 shares of the industrial products company’s stock valued at $480,000 after purchasing an additional 491 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KALU shares. JPMorgan Chase & Co. upped their price objective on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and issued a $84.00 target price on shares of Kaiser Aluminum in a research note on Friday, April 19th. Finally, UBS Group began coverage on shares of Kaiser Aluminum in a research note on Tuesday, January 16th. They set a “neutral” rating and a $67.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.00.

Kaiser Aluminum Stock Up 0.2 %

KALU opened at $95.15 on Tuesday. Kaiser Aluminum Co. has a 12 month low of $53.67 and a 12 month high of $96.41. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 1.56. The business’s 50-day moving average price is $82.65 and its 200-day moving average price is $70.23. The company has a market cap of $1.53 billion, a P/E ratio of 27.66 and a beta of 1.37.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.44. Kaiser Aluminum had a return on equity of 8.40% and a net margin of 1.85%. The firm had revenue of $738.00 million during the quarter, compared to the consensus estimate of $733.34 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts expect that Kaiser Aluminum Co. will post 3.65 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

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.