Kaiser Aluminum Corp. (NASDAQ:KALU) Shares Bought by GAM Holding AG

GAM Holding AG boosted its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 30.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,135 shares of the industrial products company’s stock after buying an additional 1,448 shares during the period. GAM Holding AG’s holdings in Kaiser Aluminum were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Swiss National Bank grew its position in Kaiser Aluminum by 1.7% in the 1st quarter. Swiss National Bank now owns 30,000 shares of the industrial products company’s stock worth $3,142,000 after purchasing an additional 500 shares during the period. Wells Fargo & Company MN grew its position in Kaiser Aluminum by 8.2% in the 1st quarter. Wells Fargo & Company MN now owns 70,113 shares of the industrial products company’s stock worth $7,342,000 after purchasing an additional 5,320 shares during the period. Advisor Group Inc. grew its position in Kaiser Aluminum by 143.2% in the 1st quarter. Advisor Group Inc. now owns 1,391 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 819 shares during the period. BlackRock Inc. grew its position in Kaiser Aluminum by 5.2% in the 1st quarter. BlackRock Inc. now owns 2,467,291 shares of the industrial products company’s stock worth $258,401,000 after purchasing an additional 121,680 shares during the period. Finally, Synovus Financial Corp boosted its stake in shares of Kaiser Aluminum by 4.3% during the 1st quarter. Synovus Financial Corp now owns 9,929 shares of the industrial products company’s stock worth $1,038,000 after acquiring an additional 411 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Shares of Kaiser Aluminum stock opened at $92.18 on Wednesday. The firm has a market cap of $1.47 billion, a PE ratio of 14.25 and a beta of 1.01. Kaiser Aluminum Corp. has a 1-year low of $83.29 and a 1-year high of $119.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.14 and a current ratio of 3.29.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.02. The business had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $404.04 million. Kaiser Aluminum had a net margin of 5.90% and a return on equity of 14.91%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 EPS. As a group, equities analysts expect that Kaiser Aluminum Corp. will post 7.14 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio is presently 37.09%.

In related news, COO Keith Harvey sold 1,000 shares of Kaiser Aluminum stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $94.94, for a total transaction of $94,940.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark Krouse sold 1,100 shares of Kaiser Aluminum stock in a transaction on Monday, May 13th. The shares were sold at an average price of $93.44, for a total transaction of $102,784.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,600 shares of company stock worth $242,724 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

KALU has been the topic of several analyst reports. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. BidaskClub cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $110.33.

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Kaiser Aluminum Profile

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.

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

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