SG Americas Securities LLC boosted its stake in Kaiser Aluminum Corp. (NASDAQ:KALU) by 525.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,091 shares of the industrial products company’s stock after acquiring an additional 20,238 shares during the period. SG Americas Securities LLC owned 0.15% of Kaiser Aluminum worth $2,151,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Walthausen & Co. LLC acquired a new stake in shares of Kaiser Aluminum during the third quarter worth $12,096,000. BlackRock Inc. raised its holdings in shares of Kaiser Aluminum by 4.6% during the third quarter. BlackRock Inc. now owns 2,332,530 shares of the industrial products company’s stock worth $254,385,000 after purchasing an additional 101,969 shares during the period. Macquarie Group Ltd. raised its holdings in shares of Kaiser Aluminum by 14.0% during the third quarter. Macquarie Group Ltd. now owns 614,838 shares of the industrial products company’s stock worth $67,054,000 after purchasing an additional 75,342 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Kaiser Aluminum by 39.8% during the third quarter. Fisher Asset Management LLC now owns 203,052 shares of the industrial products company’s stock worth $22,145,000 after purchasing an additional 57,800 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Kaiser Aluminum by 10.3% during the third quarter. Renaissance Technologies LLC now owns 234,200 shares of the industrial products company’s stock worth $25,542,000 after purchasing an additional 21,800 shares during the period. 99.28% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on KALU shares. BidaskClub raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Thursday, December 27th. Jefferies Financial Group raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, October 23rd. Finally, Zacks Investment Research raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $107.75.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, January 25th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, January 24th. This represents a $2.40 annualized dividend and a dividend yield of 2.40%. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.55. Kaiser Aluminum’s dividend payout ratio is currently 47.15%.
In other news, CEO Jack A. Hockema sold 1,500 shares of the company’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $100.27, for a total transaction of $150,405.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Melinda C. Ellsworth sold 1,100 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $95.36, for a total transaction of $104,896.00. The disclosure for this sale can be found here. Insiders have sold 7,100 shares of company stock valued at $681,991 in the last 90 days. Insiders own 3.20% of the company’s stock.
About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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