Kaiser Aluminum Corp. (KALU) Stake Increased by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. lifted its holdings in Kaiser Aluminum Corp. (NASDAQ:KALU) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,502 shares of the industrial products company’s stock after purchasing an additional 6,791 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Kaiser Aluminum were worth $20,035,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc acquired a new stake in shares of Kaiser Aluminum in the 3rd quarter worth $124,000. Flinton Capital Management LLC boosted its position in shares of Kaiser Aluminum by 54.3% in the 2nd quarter. Flinton Capital Management LLC now owns 1,836 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 646 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Kaiser Aluminum by 58.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,899 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 699 shares in the last quarter. Invictus RG boosted its position in shares of Kaiser Aluminum by 140.9% in the 3rd quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 982 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of Kaiser Aluminum in the 2nd quarter worth $204,000. 98.03% of the stock is owned by hedge funds and other institutional investors.
KALU has been the subject of a number of recent analyst reports. Zacks Investment Research cut Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen set a $97.00 price objective on Kaiser Aluminum and gave the stock a “hold” rating in a research report on Thursday, October 12th. Deutsche Bank cut Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price objective for the company. in a research report on Tuesday, October 17th. Credit Suisse Group raised their price objective on Kaiser Aluminum from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Finally, Morgan Stanley raised their price objective on Kaiser Aluminum from $87.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $101.29.
Shares of Kaiser Aluminum Corp. (NASDAQ KALU) traded down $1.30 during mid-day trading on Wednesday, reaching $109.89. The company had a trading volume of 138,300 shares, compared to its average volume of 92,983. The stock has a market cap of $1,865.16, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.30 and a beta of 0.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.75 and a quick ratio of 2.55. Kaiser Aluminum Corp. has a one year low of $74.56 and a one year high of $111.56.
Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.19). The firm had revenue of $332.80 million during the quarter, compared to analysts’ expectations of $335.37 million. Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $1.02 EPS. equities analysts predict that Kaiser Aluminum Corp. will post 5.03 earnings per share for the current year.
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Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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