Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC cut its holdings in Kaiser Aluminum Co. (NASDAQ:KALU) by 39.2% during the fourth quarter, HoldingsChannel reports. The fund owned 1,461 shares of the industrial products company’s stock after selling 943 shares during the period. Headlands Technologies LLC’s holdings in Kaiser Aluminum were worth $103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in shares of Kaiser Aluminum in the 3rd quarter valued at $41,000. AlphaQuest LLC raised its holdings in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company’s stock valued at $46,000 after buying an additional 542 shares during the period. Jones Financial Companies Lllp acquired a new position in Kaiser Aluminum in the fourth quarter valued at about $52,000. KBC Group NV boosted its stake in Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company’s stock worth $60,000 after buying an additional 410 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Kaiser Aluminum during the third quarter valued at about $217,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Kaiser Aluminum Trading Down 5.0 %

Shares of NASDAQ KALU opened at $50.75 on Monday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $817.08 million, a PE ratio of 17.68 and a beta of 1.32. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $102.42. The stock has a fifty day simple moving average of $68.36 and a 200-day simple moving average of $72.59.

Kaiser Aluminum (NASDAQ:KALU) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). The firm had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Friday, January 24th. Kaiser Aluminum’s payout ratio is currently 107.32%.

Analyst Upgrades and Downgrades

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

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.