First Horizon Advisors Inc. Acquires 325 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

First Horizon Advisors Inc. lifted its holdings in Kaiser Aluminum Co. (NASDAQ:KALUGet Rating) by 209.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 480 shares of the industrial products company’s stock after acquiring an additional 325 shares during the quarter. First Horizon Advisors Inc.’s holdings in Kaiser Aluminum were worth $45,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Kaiser Aluminum by 16.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,003,770 shares of the industrial products company’s stock worth $94,294,000 after acquiring an additional 139,240 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Kaiser Aluminum by 0.8% in the 3rd quarter. Macquarie Group Ltd. now owns 803,610 shares of the industrial products company’s stock worth $87,561,000 after acquiring an additional 6,533 shares during the last quarter. abrdn plc raised its holdings in Kaiser Aluminum by 24.6% during the 4th quarter. abrdn plc now owns 573,294 shares of the industrial products company’s stock valued at $53,855,000 after buying an additional 113,130 shares during the last quarter. Invesco Ltd. raised its holdings in Kaiser Aluminum by 3.2% during the 3rd quarter. Invesco Ltd. now owns 397,774 shares of the industrial products company’s stock valued at $43,341,000 after buying an additional 12,385 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Kaiser Aluminum by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 284,574 shares of the industrial products company’s stock valued at $31,007,000 after buying an additional 3,592 shares during the last quarter. Hedge funds and other institutional investors own 97.69% of the company’s stock.

In other news, Director Jack A. Hockema sold 750 shares of the company’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $91.71, for a total value of $68,782.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack A. Hockema sold 600 shares of the company’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $105.13, for a total transaction of $63,078.00. Following the completion of the sale, the director now directly owns 24,485 shares in the company, valued at $2,574,108.05. The disclosure for this sale can be found here. Insiders sold a total of 2,013 shares of company stock worth $193,175 over the last ninety days. Insiders own 1.20% of the company’s stock.

A number of research firms recently commented on KALU. StockNews.com began coverage on shares of Kaiser Aluminum in a report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group lowered their price target on shares of Kaiser Aluminum from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, February 28th. Finally, Zacks Investment Research upgraded shares of Kaiser Aluminum from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 9th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $105.00.

Shares of Kaiser Aluminum stock opened at $95.34 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. The company’s fifty day simple moving average is $94.69 and its two-hundred day simple moving average is $96.98. The company has a market cap of $1.52 billion, a P/E ratio of -102.52 and a beta of 1.06. Kaiser Aluminum Co. has a 12-month low of $85.04 and a 12-month high of $137.70.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Monday, April 25th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, April 22nd. Kaiser Aluminum’s dividend payout ratio is presently -331.18%.

Kaiser Aluminum 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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