SG Americas Securities LLC Has $309,000 Stock Holdings in Kaiser Aluminum Corporation (NASDAQ:KALU)

SG Americas Securities LLC decreased its position in shares of Kaiser Aluminum Corporation (NASDAQ:KALU) by 30.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,091 shares of the industrial products company’s stock after selling 2,231 shares during the quarter. SG Americas Securities LLC’s holdings in Kaiser Aluminum were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of KALU. 180 Wealth Advisors LLC increased its holdings in shares of Kaiser Aluminum by 10.6% during the first quarter. 180 Wealth Advisors LLC now owns 8,369 shares of the industrial products company’s stock worth $507,000 after purchasing an additional 802 shares during the period. GAMMA Investing LLC grew its position in Kaiser Aluminum by 5,608.6% during the first quarter. GAMMA Investing LLC now owns 39,161 shares of the industrial products company’s stock worth $2,374,000 after buying an additional 38,475 shares in the last quarter. Wellington Management Group LLP increased its stake in Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company’s stock worth $30,355,000 after acquiring an additional 219,827 shares during the period. McIlrath & Eck LLC acquired a new position in Kaiser Aluminum in the 4th quarter valued at $121,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kaiser Aluminum by 7.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,887 shares of the industrial products company’s stock valued at $2,873,000 after acquiring an additional 2,903 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Up 4.3%

Shares of KALU stock opened at $79.96 on Friday. Kaiser Aluminum Corporation has a fifty-two week low of $46.81 and a fifty-two week high of $100.07. The stock’s fifty day moving average price is $71.07 and its two-hundred day moving average price is $69.06. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.27 and a current ratio of 2.67. The company has a market cap of $1.29 billion, a PE ratio of 29.95 and a beta of 1.43.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.91. The firm had revenue of $777.40 million for the quarter, compared to analysts’ expectations of $788.00 million. Kaiser Aluminum had a return on equity of 7.02% and a net margin of 1.43%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share. Equities analysts predict that Kaiser Aluminum Corporation will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 3.85%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 115.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Benchmark reduced their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Finally, Wolfe Research raised shares of Kaiser Aluminum from an “underperform” rating to a “peer perform” rating in a report on Friday, April 11th.

Kaiser Aluminum 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.