Bastion Asset Management Inc. Purchases New Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Bastion Asset Management Inc. purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 24,845 shares of the industrial products company’s stock, valued at approximately $1,878,000. Bastion Asset Management Inc. owned approximately 0.15% of Kaiser Aluminum at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC grew its holdings in shares of Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Kaiser Aluminum in the 4th quarter worth $52,000. KBC Group NV raised its position in shares of Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock valued at $60,000 after buying an additional 410 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 784 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Kaiser Aluminum by 325.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 1,352 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KALU. Wolfe Research raised Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a research note on Friday, April 11th. StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 18th. Benchmark reduced their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $69.16 on Friday. The stock has a 50 day moving average price of $62.27 and a 200 day moving average price of $70.38. The firm has a market capitalization of $1.12 billion, a P/E ratio of 24.10 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum Co. has a 52-week low of $46.81 and a 52-week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.91. The firm had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.02 earnings per share. As a group, sell-side analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum’s dividend payout ratio is presently 115.36%.

Kaiser Aluminum Company Profile

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.