Kaiser Aluminum Co. (NASDAQ:KALU) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 22.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,569 shares of the industrial products company’s stock after purchasing an additional 9,482 shares during the period. Cubist Systematic Strategies LLC owned about 0.33% of Kaiser Aluminum worth $4,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KALU. Norges Bank acquired a new stake in shares of Kaiser Aluminum during the fourth quarter worth about $7,415,000. Harvest Investment Advisors LLC boosted its holdings in Kaiser Aluminum by 1.6% in the 4th quarter. Harvest Investment Advisors LLC now owns 17,489 shares of the industrial products company’s stock valued at $1,245,000 after purchasing an additional 280 shares in the last quarter. Winslow Asset Management Inc. boosted its holdings in Kaiser Aluminum by 3.1% in the 4th quarter. Winslow Asset Management Inc. now owns 81,788 shares of the industrial products company’s stock valued at $5,823,000 after purchasing an additional 2,452 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kaiser Aluminum by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,887,751 shares of the industrial products company’s stock valued at $134,389,000 after purchasing an additional 10,676 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Kaiser Aluminum by 400.0% during the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 0.1 %

Shares of Kaiser Aluminum stock opened at $73.18 on Friday. The business has a 50 day moving average price of $72.68 and a 200 day moving average price of $84.80. 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 has a market capitalization of $1.18 billion, a P/E ratio of 21.27 and a beta of 1.33. Kaiser Aluminum Co. has a 1 year low of $53.67 and a 1 year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.29). The business had revenue of $773.40 million during 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 company’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Sell-side analysts anticipate that Kaiser Aluminum Co. will post 3.04 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Transactions at Kaiser Aluminum

In other Kaiser Aluminum news, CEO Keith Harvey purchased 2,588 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of $77.23 per share, with a total value of $199,871.24. Following the transaction, the chief executive officer now owns 103,550 shares in the company, valued at $7,997,166.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

About Kaiser Aluminum

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.