JPMorgan Chase & Co. Increases Position in Kaiser Aluminum Co. (NASDAQ:KALU)

JPMorgan Chase & Co. increased its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 53.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,429 shares of the industrial products company's stock after acquiring an additional 26,878 shares during the period. JPMorgan Chase & Co. owned about 0.48% of Kaiser Aluminum worth $5,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KALU. LPL Financial LLC lifted its position in shares of Kaiser Aluminum by 54.0% during the fourth quarter. LPL Financial LLC now owns 16,135 shares of the industrial products company's stock worth $1,134,000 after purchasing an additional 5,661 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Kaiser Aluminum during the 4th quarter worth approximately $295,000. American Century Companies Inc. lifted its holdings in 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 buying an additional 49,948 shares in the last quarter. Intech Investment Management LLC boosted its position in Kaiser Aluminum by 124.3% in the 4th quarter. Intech Investment Management LLC now owns 65,020 shares of the industrial products company's stock valued at $4,569,000 after buying an additional 36,029 shares during the period. Finally, Advisors Asset Management Inc. grew its stake 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 worth $2,476,000 after acquiring an additional 15,150 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Down 0.4 %

NASDAQ:KALU traded down $0.21 during trading hours on Monday, hitting $53.65. The company's stock had a trading volume of 173,650 shares, compared to its average volume of 138,717. Kaiser Aluminum Co. has a 52-week low of $46.81 and a 52-week high of $102.42. 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 $863.77 million, a P/E ratio of 18.69 and a beta of 1.32. The stock has a fifty day moving average of $64.14 and a 200-day moving average of $71.04.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued 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 business had revenue of $765.40 million for the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same period last year, the business posted $0.60 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum's payout ratio is 107.32%.

Analyst Ratings Changes

KALU has been the topic of several analyst reports. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday. Benchmark decreased their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th.

Kaiser Aluminum Company 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.