New York State Common Retirement Fund Grows Position in Kaiser Aluminum Co. (NASDAQ:KALU)

New York State Common Retirement Fund boosted its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALUFree Report) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,133 shares of the industrial products company’s stock after purchasing an additional 6,793 shares during the quarter. New York State Common Retirement Fund owned about 0.58% of Kaiser Aluminum worth $7,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Kaiser Aluminum by 314.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 393 shares during the period. Quadrant Capital Group LLC raised its stake in Kaiser Aluminum by 540.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 544 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 459 shares during the period. Headlands Technologies LLC bought a new stake in Kaiser Aluminum during the 2nd quarter valued at approximately $45,000. NewEdge Advisors LLC raised its stake in Kaiser Aluminum by 2,214.3% during the 1st quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 775 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Kaiser Aluminum during the 2nd quarter valued at approximately $80,000.

Analysts Set New Price Targets

A number of research firms have issued reports on KALU. StockNews.com raised Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. UBS Group began coverage on Kaiser Aluminum in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Kaiser Aluminum from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.00.

Check Out Our Latest Report on KALU

Kaiser Aluminum Price Performance

Shares of Kaiser Aluminum stock opened at $64.68 on Friday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 79.85 and a beta of 1.34. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.35 and a current ratio of 2.68. The stock has a 50 day moving average price of $65.62 and a 200-day moving average price of $68.11. Kaiser Aluminum Co. has a one year low of $53.67 and a one year high of $91.75.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Wednesday, January 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 380.25%.

Kaiser Aluminum 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. The company offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

See Also

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

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