Icon Advisers Inc. Co. Purchases 37,375 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Icon Advisers Inc. Co. raised its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 92.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,915 shares of the industrial products company's stock after buying an additional 37,375 shares during the quarter. Kaiser Aluminum comprises approximately 1.2% of Icon Advisers Inc. Co.'s investment portfolio, making the stock its 16th biggest holding. Icon Advisers Inc. Co. owned 0.48% of Kaiser Aluminum worth $5,475,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Kaiser Aluminum by 2.2% in the 3rd quarter. State Street Corp now owns 960,742 shares of the industrial products company's stock valued at $69,673,000 after buying an additional 20,979 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Kaiser Aluminum by 12.6% during the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after acquiring an additional 49,948 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock valued at $30,355,000 after purchasing an additional 219,827 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kaiser Aluminum by 1.2% in the third quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock valued at $27,326,000 after purchasing an additional 4,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kaiser Aluminum by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock valued at $20,963,000 after purchasing an additional 3,816 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU traded down $0.59 during mid-day trading on Friday, hitting $53.86. 138,335 shares of the stock traded hands, compared to its average volume of 138,329. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $102.42. The firm has a 50 day simple moving average of $64.54 and a two-hundred day simple moving average of $71.18. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company has a market cap of $867.15 million, a PE ratio of 18.77 and a beta of 1.32.

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

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.72%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum's payout ratio is presently 107.32%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KALU shares. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday.

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.