JPMorgan Chase & Co. boosted its holdings in Kaiser Aluminum Corp. (NASDAQ:KALU) by 45.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,564 shares of the industrial products company’s stock after acquiring an additional 42,993 shares during the quarter. JPMorgan Chase & Co. owned about 0.81% of Kaiser Aluminum worth $14,155,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of Kaiser Aluminum by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 33,836 shares of the industrial products company’s stock worth $3,489,000 after purchasing an additional 633 shares during the period. American International Group Inc. raised its holdings in shares of Kaiser Aluminum by 5.5% during the 3rd quarter. American International Group Inc. now owns 13,332 shares of the industrial products company’s stock valued at $1,375,000 after buying an additional 691 shares during the period. Rothschild Asset Management Inc. raised its holdings in shares of Kaiser Aluminum by 9.2% during the 3rd quarter. Rothschild Asset Management Inc. now owns 309,439 shares of the industrial products company’s stock valued at $31,916,000 after buying an additional 26,076 shares during the period. NEXT Financial Group Inc purchased a new stake in shares of Kaiser Aluminum during the 3rd quarter valued at about $124,000. Finally, Granite Investment Partners LLC raised its holdings in shares of Kaiser Aluminum by 6.2% during the 3rd quarter. Granite Investment Partners LLC now owns 151,111 shares of the industrial products company’s stock valued at $15,585,000 after buying an additional 8,855 shares during the period. 98.03% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on KALU shares. Zacks Investment Research upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Friday, October 6th. Credit Suisse Group lifted their target price on Kaiser Aluminum from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Cowen set a $97.00 price objective on Kaiser Aluminum and gave the company a “hold” rating in a research report on Thursday, October 12th. BidaskClub upgraded Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. Finally, Deutsche Bank lowered Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 target price on the stock. in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $101.29.
Shares of Kaiser Aluminum Corp. (NASDAQ:KALU) traded up $3.14 during trading hours on Thursday, hitting $113.26. The company’s stock had a trading volume of 106,102 shares, compared to its average volume of 94,650. Kaiser Aluminum Corp. has a 12 month low of $74.56 and a 12 month high of $113.90. The company has a quick ratio of 2.55, a current ratio of 3.75 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1,890.00, a PE ratio of 23.30, a P/E/G ratio of 1.30 and a beta of 0.54.
Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.19). The business had revenue of $332.80 million for the quarter, compared to analyst estimates of $335.37 million. Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. Kaiser Aluminum’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. equities analysts forecast that Kaiser Aluminum Corp. will post 5.03 earnings per share for the current fiscal year.
In other news, VP Melinda C. Ellsworth sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $99.48, for a total value of $99,480.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.
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Kaiser Aluminum Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
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