SG Americas Securities LLC Has $445,000 Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

SG Americas Securities LLC decreased its position in Kaiser Aluminum Co. (NASDAQ:KALUGet Rating) by 21.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,722 shares of the industrial products company’s stock after selling 1,275 shares during the quarter. SG Americas Securities LLC’s holdings in Kaiser Aluminum were worth $445,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Yousif Capital Management LLC acquired a new stake in Kaiser Aluminum during the fourth quarter worth approximately $1,351,000. Copeland Capital Management LLC grew its position in Kaiser Aluminum by 5.4% during the first quarter. Copeland Capital Management LLC now owns 283,246 shares of the industrial products company’s stock worth $26,670,000 after buying an additional 14,486 shares in the last quarter. Point72 Hong Kong Ltd grew its position in Kaiser Aluminum by 38.8% during the fourth quarter. Point72 Hong Kong Ltd now owns 648 shares of the industrial products company’s stock worth $61,000 after buying an additional 181 shares in the last quarter. Teacher Retirement System of Texas grew its position in Kaiser Aluminum by 19.5% during the fourth quarter. Teacher Retirement System of Texas now owns 3,045 shares of the industrial products company’s stock worth $286,000 after buying an additional 496 shares in the last quarter. Finally, Brightline Capital Management LLC acquired a new stake in Kaiser Aluminum during the fourth quarter worth approximately $7,609,000. Institutional investors and hedge funds own 97.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reduced their price target on Kaiser Aluminum from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $105.00.

Insider Activity

In other news, Director Jack A. Hockema sold 400 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $105.47, for a total value of $42,188.00. Following the completion of the transaction, the director now directly owns 24,085 shares in the company, valued at approximately $2,540,244.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jack A. Hockema sold 400 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $105.47, for a total value of $42,188.00. Following the completion of the transaction, the director now directly owns 24,085 shares in the company, valued at approximately $2,540,244.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brant Weaver sold 282 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.15, for a total value of $28,806.30. Following the completion of the transaction, the vice president now owns 5,811 shares of the company’s stock, valued at $593,593.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,392 shares of company stock worth $230,525. Insiders own 1.20% of the company’s stock.

Kaiser Aluminum Stock Up 3.4 %

NASDAQ KALU opened at $72.61 on Friday. The business has a fifty day moving average price of $80.90 and a two-hundred day moving average price of $90.93. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.28 and a quick ratio of 1.42. Kaiser Aluminum Co. has a fifty-two week low of $66.25 and a fifty-two week high of $130.57. The stock has a market capitalization of $1.16 billion, a PE ratio of -186.18 and a beta of 1.07.

Kaiser Aluminum (NASDAQ:KALUGet Rating) last released its earnings results on Monday, July 25th. The industrial products company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.78). Kaiser Aluminum had a positive return on equity of 1.33% and a negative net margin of 0.18%. The business had revenue of $954.20 million for the quarter, compared to the consensus estimate of $889.59 million. During the same quarter in the previous year, the company earned $1.00 earnings per share. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. Equities analysts expect that Kaiser Aluminum Co. will post 2.3 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, July 25th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, July 22nd. Kaiser Aluminum’s payout ratio is -789.74%.

Kaiser Aluminum Company 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.

See Also

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

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