LPL Financial LLC Has $1.13 Million Stock Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

LPL Financial LLC raised its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 54.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,135 shares of the industrial products company's stock after acquiring an additional 5,661 shares during the quarter. LPL Financial LLC owned 0.10% of Kaiser Aluminum worth $1,134,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU traded down $0.21 during trading on Monday, reaching $53.65. The company had a trading volume of 173,650 shares, compared to its average volume of 138,717. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $102.42. 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 firm has a market capitalization of $863.77 million, a PE ratio of 18.69 and a beta of 1.32. The firm's fifty day moving average is $63.78 and its 200 day moving average is $70.92.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced 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 company 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 firm earned $0.60 earnings per share. On average, equities analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current 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 $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's payout ratio is 107.32%.

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.