Everence Capital Management Inc. Buys Shares of 2,990 Kaiser Aluminum Co. (NASDAQ:KALU)

Everence Capital Management Inc. bought a new stake in Kaiser Aluminum Co. (NASDAQ:KALUGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,990 shares of the industrial products company’s stock, valued at approximately $282,000.

A number of other institutional investors have also added to or reduced their stakes in KALU. Dark Forest Capital Management LP bought a new position in Kaiser Aluminum in the third quarter valued at about $37,000. First Horizon Advisors Inc. grew its holdings in shares of Kaiser Aluminum by 209.7% during the fourth quarter. First Horizon Advisors Inc. now owns 480 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 325 shares during the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Kaiser Aluminum by 179.6% during the third quarter. Point72 Hong Kong Ltd now owns 467 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the last quarter. UMB Bank N A MO bought a new stake in shares of Kaiser Aluminum during the fourth quarter worth about $51,000. Finally, Pinebridge Investments L.P. bought a new stake in shares of Kaiser Aluminum during the fourth quarter worth about $75,000. Hedge funds and other institutional investors own 97.69% of the company’s stock.

Shares of KALU opened at $74.29 on Thursday. Kaiser Aluminum Co. has a 52-week low of $72.03 and a 52-week high of $137.63. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 2.38. The business’s 50 day moving average price is $95.69 and its two-hundred day moving average price is $95.73. The firm has a market cap of $1.18 billion, a PE ratio of -79.88 and a beta of 1.05.

Kaiser Aluminum (NASDAQ:KALUGet Rating) last issued its earnings results on Wednesday, April 20th. The industrial products company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.33. Kaiser Aluminum had a positive return on equity of 5.47% and a negative net margin of 0.46%. The company had revenue of $949.00 million for the quarter, compared to analyst estimates of $861.52 million. During the same period in the prior year, the firm earned $0.64 earnings per share. Kaiser Aluminum’s revenue for the quarter was up 192.9% on a year-over-year basis. Research analysts predict that Kaiser Aluminum Co. will post 3.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Monday, April 25th were issued a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, April 22nd. This represents a $3.08 annualized dividend and a yield of 4.15%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently -331.18%.

KALU has been the topic of several research reports. Credit Suisse Group reduced their price target on Kaiser Aluminum from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, February 28th. StockNews.com began coverage on Kaiser Aluminum in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

In other Kaiser Aluminum news, Director Leo Wilfred Gerard sold 663 shares of the company’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of $92.48, for a total value of $61,314.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brant Weaver sold 282 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.15, for a total value of $28,806.30. Following the completion of the transaction, the vice president now owns 5,811 shares of the company’s stock, valued at approximately $593,593.65. The disclosure for this sale can be found here. Insiders have sold 3,255 shares of company stock valued at $325,510 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Kaiser Aluminum Company Profile (Get Rating)

Kaiser Aluminum Corporation engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

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Institutional Ownership by Quarter for Kaiser Aluminum (NASDAQ:KALU)

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