Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 527,935 shares of the industrial products company's stock after selling 6,092 shares during the period. Invesco Ltd. owned approximately 3.28% of Kaiser Aluminum worth $37,098,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KALU. AlphaQuest LLC grew its holdings in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after purchasing an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Kaiser Aluminum during the 4th quarter valued at about $52,000. KBC Group NV raised its stake in shares of Kaiser Aluminum by 93.0% during the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares during the period. Virtu Financial LLC acquired a new position in Kaiser Aluminum in the 3rd quarter worth $217,000. Finally, HighTower Advisors LLC purchased a new position in Kaiser Aluminum in the fourth quarter valued at about $213,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KALU. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday. Benchmark dropped their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th.

Kaiser Aluminum Stock Performance

KALU traded down $0.83 during trading on Monday, reaching $53.03. 103,467 shares of the company were exchanged, compared to its average volume of 138,223. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $102.42. The stock has a market cap of $853.78 million, a P/E ratio of 18.48 and a beta of 1.32. 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 firm has a 50 day moving average of $64.14 and a 200 day moving average of $71.04.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its earnings results 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). The firm had revenue of $765.40 million for 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 previous year, the firm earned $0.60 earnings per share. On average, sell-side analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio is currently 107.32%.

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.