Bailard Inc. Grows Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Bailard Inc. boosted its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU) by 73.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,645 shares of the industrial products company’s stock after acquiring an additional 3,245 shares during the period. Bailard Inc.’s holdings in Kaiser Aluminum were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC purchased a new position in Kaiser Aluminum during the fourth quarter valued at approximately $3,878,000. Barclays PLC increased its holdings in shares of Kaiser Aluminum by 101.3% in the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company’s stock valued at $1,991,000 after acquiring an additional 13,813 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kaiser Aluminum by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 294,502 shares of the industrial products company’s stock worth $21,357,000 after acquiring an additional 7,644 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Kaiser Aluminum by 6.7% during the 3rd quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company’s stock worth $6,119,000 after purchasing an additional 5,287 shares during the last quarter. Finally, Leisure Capital Management purchased a new stake in shares of Kaiser Aluminum during the 4th quarter worth $697,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Kaiser Aluminum Price Performance

Shares of KALU opened at $68.72 on Wednesday. The company has a 50 day moving average of $71.15 and a two-hundred day moving average of $73.49. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. Kaiser Aluminum Co. has a twelve month low of $63.44 and a twelve month high of $102.42. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 23.94 and a beta of 1.34.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million for the quarter, compared to analysts’ expectations of $752.00 million. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum’s payout ratio is currently 107.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a report on Friday, February 21st.

About Kaiser Aluminum

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.