Kaiser Aluminum Co. (NASDAQ:KALU) Sees Large Decline in Short Interest

Kaiser Aluminum Co. (NASDAQ:KALU - Get Free Report) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 399,500 shares, a decline of 10.4% from the December 15th total of 446,000 shares. Currently, 2.5% of the company's shares are sold short. Based on an average daily volume of 137,400 shares, the days-to-cover ratio is currently 2.9 days.

Kaiser Aluminum Trading Down 0.9 %

KALU stock traded down $0.69 during midday trading on Monday, reaching $73.68. 67,171 shares of the company's stock traded hands, compared to its average volume of 89,793. The business has a 50-day moving average price of $76.20 and a two-hundred day moving average price of $75.88. The company has a market capitalization of $1.19 billion, a P/E ratio of 25.49 and a beta of 1.35. Kaiser Aluminum has a fifty-two week low of $59.52 and a fifty-two week high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.60 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.16). The company had revenue of $748.00 million for the quarter, compared to analysts' expectations of $793.30 million. Kaiser Aluminum had a net margin of 1.59% and a return on equity of 6.92%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share. Equities research analysts forecast that Kaiser Aluminum will post 2.63 EPS for the current fiscal year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a $0.77 dividend. The ex-dividend date is Friday, January 24th. This represents a $3.08 annualized dividend and a dividend yield of 4.18%. Kaiser Aluminum's dividend payout ratio (DPR) is presently 106.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KALU. Ellsworth Advisors LLC acquired a new stake in Kaiser Aluminum during the fourth quarter valued at approximately $630,000. Fiduciary Financial Group LLC bought a new stake in shares of Kaiser Aluminum in the 4th quarter valued at approximately $281,000. 180 Wealth Advisors LLC raised its position in shares of Kaiser Aluminum by 22.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 7,567 shares of the industrial products company's stock valued at $532,000 after acquiring an additional 1,412 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Kaiser Aluminum by 6.7% during the third quarter. Principal Financial Group Inc. now owns 84,370 shares of the industrial products company's stock worth $6,119,000 after purchasing an additional 5,287 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Kaiser Aluminum by 7.8% in the third quarter. Franklin Resources Inc. now owns 18,440 shares of the industrial products company's stock worth $1,332,000 after purchasing an additional 1,337 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

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.