Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 447,723 shares of the industrial products company's stock after purchasing an additional 49,948 shares during the quarter. American Century Companies Inc. owned about 2.78% of Kaiser Aluminum worth $31,461,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KALU. Intech Investment Management LLC raised its holdings in Kaiser Aluminum by 124.3% during the fourth quarter. Intech Investment Management LLC now owns 65,020 shares of the industrial products company's stock worth $4,569,000 after purchasing an additional 36,029 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Kaiser Aluminum by 75.4% in the fourth quarter. Advisors Asset Management Inc. now owns 35,237 shares of the industrial products company's stock valued at $2,476,000 after buying an additional 15,150 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of Kaiser Aluminum by 45.7% during the 4th quarter. Great Lakes Advisors LLC now owns 62,466 shares of the industrial products company's stock worth $4,389,000 after buying an additional 19,606 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Kaiser Aluminum in the 4th quarter worth about $213,000. Finally, AlphaQuest LLC grew its stake 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 acquiring an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

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Kaiser Aluminum Price Performance

Kaiser Aluminum stock traded down $1.47 during mid-day trading on Monday, hitting $60.62. 186,007 shares of the company were exchanged, compared to its average volume of 133,384. Kaiser Aluminum Co. has a 12-month low of $58.97 and a 12-month high of $102.42. The company has a market capitalization of $975.98 million, a P/E ratio of 21.12 and a beta of 1.37. The business's 50 day simple moving average is $69.93 and its two-hundred day simple moving average is $73.02. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). The company had revenue of $765.40 million for the quarter, compared to analysts' expectations of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter in the prior year, the business posted $0.60 EPS. Analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a dividend of $0.77 per share. The ex-dividend date was Friday, January 24th. This represents a $3.08 dividend on an annualized basis and a yield of 5.08%. Kaiser Aluminum's dividend payout ratio (DPR) is currently 107.32%.

Wall Street Analyst Weigh In

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

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.