Amalgamated Bank Sells 161 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)
Amalgamated Bank reduced its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU – Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,875 shares of the industrial products company’s stock after selling 161 shares during the period. Amalgamated Bank’s holdings in Kaiser Aluminum were worth $489,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also bought and sold shares of KALU. International Assets Investment Management LLC bought a new stake in Kaiser Aluminum during the fourth quarter valued at about $51,000. Allspring Global Investments Holdings LLC raised its holdings in Kaiser Aluminum by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,388 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 196 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Kaiser Aluminum by 131.8% in the 4th quarter. Headlands Technologies LLC now owns 1,544 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 878 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kaiser Aluminum by 50.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,756 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 921 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of 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 purchasing an additional 500 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Benchmark reissued a “buy” rating and issued a $84.00 target price on shares of Kaiser Aluminum in a research note on Friday, April 19th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Kaiser Aluminum has a consensus rating of “Hold” and an average target price of $77.00. Get Our Latest Stock Analysis on Kaiser Aluminum Kaiser Aluminum Stock Up 2.4 % Shares of NASDAQ KALU opened at $100.98 on Monday. The business has a fifty day moving average of $89.90 and a two-hundred day moving average of $73.66. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.43 and a current ratio of 2.66. Kaiser Aluminum Co. has a 52-week low of $53.67 and a 52-week high of $102.26. The stock has a market cap of $1.62 billion, a PE ratio of 29.35 and a beta of 1.37. Kaiser Aluminum (NASDAQ:KALU – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.44. The firm had revenue of $738.00 million for the quarter, compared to analysts’ expectations of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. As a group, equities research analysts expect that Kaiser Aluminum Co. will post 4.12 earnings per share for the current fiscal year. Kaiser Aluminum Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio is currently 89.53%. Kaiser Aluminum Company Profile (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.
Kaiser Aluminum Corporation (KALU) Hits Fresh High: Is There Still Room to Run?
Kaiser (KALU) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
