Great Lakes Advisors LLC Raises Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Great Lakes Advisors LLC lifted its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,466 shares of the industrial products company's stock after acquiring an additional 19,606 shares during the period. Great Lakes Advisors LLC owned 0.39% of Kaiser Aluminum worth $4,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of KALU. Point72 DIFC Ltd purchased a new stake in Kaiser Aluminum in the 3rd quarter valued at about $41,000. AlphaQuest LLC raised its holdings 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 buying an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new stake in Kaiser Aluminum in the 4th quarter valued at about $52,000. KBC Group NV raised its holdings in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after buying an additional 410 shares during the period. Finally, Millburn Ridgefield Corp purchased a new stake in Kaiser Aluminum in the 3rd quarter valued at about $169,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Trading Up 0.3 %

NASDAQ:KALU traded up $0.21 on Wednesday, reaching $70.42. 102,732 shares of the company's stock were exchanged, compared to its average volume of 128,366. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 24.54 and a beta of 1.37. The business has a fifty day moving average of $70.82 and a 200-day moving average of $73.18. Kaiser Aluminum Co. has a 52-week low of $63.44 and a 52-week high of $102.42.

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Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly 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). Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The business had revenue of $765.40 million for the quarter, compared to analysts' expectations of $752.00 million. During the same quarter last year, the company earned $0.60 earnings per share. As a group, analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum's dividend payout ratio is presently 107.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kaiser Aluminum from a "hold" rating to a "sell" rating in a research note on Saturday.

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.