Algert Global LLC Acquires 12,584 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Algert Global LLC lifted its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 26.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,647 shares of the industrial products company’s stock after acquiring an additional 12,584 shares during the period. Algert Global LLC owned approximately 0.38% of Kaiser Aluminum worth $5,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in Kaiser Aluminum during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC raised its position in Kaiser Aluminum by 400.0% in the 1st quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $48,000 after buying an additional 432 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Kaiser Aluminum during the 2nd quarter valued at $63,000. EntryPoint Capital LLC boosted its holdings in Kaiser Aluminum by 79.7% during the 1st quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 382 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Kaiser Aluminum by 941.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 819 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Activity at Kaiser Aluminum

In other news, CEO Keith Harvey bought 2,588 shares of the stock in a transaction on Monday, July 29th. The shares were purchased at an average cost of $77.23 per share, for a total transaction of $199,871.24. Following the completion of the purchase, the chief executive officer now directly owns 103,550 shares in the company, valued at approximately $7,997,166.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Kaiser Aluminum Stock Up 0.1 %

KALU stock opened at $73.18 on Monday. Kaiser Aluminum Co. has a 1-year low of $53.67 and a 1-year high of $102.42. The stock has a market cap of $1.18 billion, a P/E ratio of 21.27 and a beta of 1.33. The stock’s fifty day simple moving average is $72.68 and its two-hundred day simple moving average is $84.91. The company has a current ratio of 2.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57.

Kaiser Aluminum (NASDAQ:KALU) last posted 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 company had revenue of $773.40 million for the quarter, compared to the consensus estimate of $773.89 million. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. Kaiser Aluminum’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. Analysts expect that Kaiser Aluminum Co. will post 3.04 EPS for the current year.

Kaiser Aluminum Dividend Announcement

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

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.