Los Angeles Capital Management LLC Has $343,000 Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Los Angeles Capital Management LLC reduced its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 47.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,880 shares of the industrial products company's stock after selling 4,429 shares during the quarter. Los Angeles Capital Management LLC's holdings in Kaiser Aluminum were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KALU. QRG Capital Management Inc. boosted its holdings in shares of Kaiser Aluminum by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 3,810 shares of the industrial products company's stock worth $276,000 after buying an additional 214 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Kaiser Aluminum by 6.2% during the fourth quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company's stock worth $483,000 after acquiring an additional 400 shares during the period. KBC Group NV grew its position in shares of Kaiser Aluminum by 93.0% in 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 last quarter. Point72 DIFC Ltd bought a new position in shares of Kaiser Aluminum during the third quarter worth approximately $41,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in Kaiser Aluminum by 20.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,597 shares of the industrial products company's stock worth $261,000 after purchasing an additional 605 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU traded up $1.51 during midday trading on Friday, reaching $69.00. The company's stock had a trading volume of 33,414 shares, compared to its average volume of 133,672. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market cap of $1.11 billion, a P/E ratio of 24.04 and a beta of 1.34. The business's 50 day moving average price is $71.12 and its two-hundred day moving average price is $73.46. Kaiser Aluminum Co. has a fifty-two week low of $63.44 and a fifty-two week high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share 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 company had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.46%. The ex-dividend date was Friday, January 24th. Kaiser Aluminum's dividend payout ratio is currently 107.32%.

Analysts Set New Price Targets

Separately, StockNews.com cut Kaiser Aluminum from a "hold" rating to a "sell" rating in a research report on Friday, February 21st.

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.