XTX Topco Ltd Acquires Shares of 3,360 Kaiser Aluminum Co. (NASDAQ:KALU)

XTX Topco Ltd bought a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,360 shares of the industrial products company’s stock, valued at approximately $295,000.

A number of other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in Kaiser Aluminum by 358.0% in the second quarter. American Century Companies Inc. now owns 250,809 shares of the industrial products company’s stock worth $22,046,000 after purchasing an additional 196,045 shares in the last quarter. Norges Bank bought a new stake in shares of Kaiser Aluminum in the 4th quarter valued at about $7,415,000. Tributary Capital Management LLC lifted its holdings in Kaiser Aluminum by 23.6% during the first quarter. Tributary Capital Management LLC now owns 271,120 shares of the industrial products company’s stock worth $24,227,000 after buying an additional 51,834 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in shares of Kaiser Aluminum by 532,185.7% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 37,260 shares of the industrial products company’s stock worth $3,275,000 after purchasing an additional 37,253 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Kaiser Aluminum in the 2nd quarter valued at about $2,999,000. 99.29% of the stock is currently owned by institutional investors.

Kaiser Aluminum Price Performance

Shares of KALU opened at $73.18 on Friday. The firm has a market capitalization of $1.18 billion, a PE ratio of 21.27 and a beta of 1.33. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.55 and a quick ratio of 1.42. The company’s fifty day moving average price is $72.68 and its 200-day moving average price is $84.80. Kaiser Aluminum Co. has a 1-year low of $53.67 and a 1-year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.29). The business had revenue of $773.40 million for the quarter, compared to analyst estimates of $773.89 million. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, equities research analysts predict that Kaiser Aluminum Co. will post 3.04 EPS for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, July 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

Insider Activity

In related news, CEO Keith Harvey bought 2,588 shares of the business’s stock in a transaction on Monday, July 29th. The stock was acquired at an average cost of $77.23 per share, with a total value of $199,871.24. Following the purchase, the chief executive officer now directly owns 103,550 shares of the company’s stock, valued at $7,997,166.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark raised their target price on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, July 12th.

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.