Sei Investments Co. Has $2.03 Million Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Sei Investments Co. raised its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 47.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,079 shares of the industrial products company’s stock after buying an additional 7,450 shares during the quarter. Sei Investments Co. owned 0.14% of Kaiser Aluminum worth $2,029,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in Kaiser Aluminum in the 2nd quarter valued at $32,000. GAMMA Investing LLC lifted its holdings in shares of Kaiser Aluminum by 400.0% during the first quarter. GAMMA Investing LLC now owns 540 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 432 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Kaiser Aluminum in the 2nd quarter valued at $63,000. EntryPoint Capital LLC grew its holdings in shares of Kaiser Aluminum by 79.7% in the 1st quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 382 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Kaiser Aluminum by 941.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 819 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Keith Harvey bought 2,588 shares of the stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of $77.23 per share, with a total value of $199,871.24. Following the purchase, the chief executive officer now owns 103,550 shares of the company’s stock, valued at approximately $7,997,166.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark upped their price objective on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, July 12th.

Kaiser Aluminum Price Performance

Shares of KALU stock opened at $71.80 on Friday. Kaiser Aluminum Co. has a 52 week low of $53.67 and a 52 week high of $102.42. The stock has a market capitalization of $1.15 billion, a PE ratio of 20.87 and a beta of 1.33. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.42 and a current ratio of 2.55. The stock’s fifty day moving average is $71.06 and its 200-day moving average is $84.61.

Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.29). Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The company had revenue of $773.40 million for the quarter, compared to the consensus estimate of $773.89 million. During the same period in the prior year, the company earned $1.26 EPS. The firm’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts expect that Kaiser Aluminum Co. will post 3.04 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, July 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

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.