Raymond James Financial Inc. Makes New Investment in Kaiser Aluminum Co. (NASDAQ:KALU)

Raymond James Financial Inc. acquired a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 31,943 shares of the industrial products company’s stock, valued at approximately $2,245,000. Raymond James Financial Inc. owned approximately 0.20% of Kaiser Aluminum at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System increased its stake in shares of Kaiser Aluminum by 6.2% during the 4th quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV boosted its holdings in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 410 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Kaiser Aluminum during the third quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Kaiser Aluminum by 20.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company’s stock valued at $261,000 after buying an additional 605 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Kaiser Aluminum in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Sunday, March 23rd.

Kaiser Aluminum Trading Down 4.3 %

Kaiser Aluminum stock opened at $62.09 on Monday. Kaiser Aluminum Co. has a 52 week low of $61.62 and a 52 week high of $102.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The firm has a market capitalization of $999.65 million, a PE ratio of 21.63 and a beta of 1.37. The business’s 50-day simple moving average is $69.93 and its 200-day simple moving average is $73.02.

Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). The company had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter in the previous year, the business posted $0.60 EPS. Equities research analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a $0.77 dividend. The ex-dividend date was Friday, January 24th. This represents a $3.08 annualized dividend and a yield of 4.96%. Kaiser Aluminum’s dividend payout ratio (DPR) is 107.32%.

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.