11,345 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new position in Kaiser Aluminum Co. (NASDAQ:KALU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,345 shares of the industrial products company’s stock, valued at approximately $997,000.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake 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 buying an additional 432 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in Kaiser Aluminum by 79.7% during the 1st quarter. EntryPoint Capital LLC now owns 861 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 382 shares during the period. Allspring Global Investments Holdings LLC grew its position in Kaiser Aluminum by 941.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 906 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 819 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Kaiser Aluminum in the first quarter worth $132,000. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Kaiser Aluminum during the first quarter worth $210,000. Institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Keith Harvey bought 2,588 shares of the stock in a transaction on Monday, July 29th. The stock was bought at an average price of $77.23 per share, for a total transaction of $199,871.24. Following the completion of the acquisition, the chief executive officer now directly owns 103,550 shares in the company, valued at $7,997,166.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Kaiser Aluminum Stock Down 5.6 %

Shares of NASDAQ:KALU opened at $70.39 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.55 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $80.42 and its 200 day moving average is $85.19. The stock has a market cap of $1.13 billion, a P/E ratio of 20.46 and a beta of 1.35. Kaiser Aluminum Co. has a 52-week low of $53.67 and a 52-week high of $102.42.

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

Kaiser Aluminum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.38%. Kaiser Aluminum’s dividend payout ratio is currently 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.