Norges Bank Takes $3.31 Million Position in Kaiser Aluminum Co. (NASDAQ:KALU)

Norges Bank purchased a new position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,132 shares of the industrial products company's stock, valued at approximately $3,312,000. Norges Bank owned about 0.29% of Kaiser Aluminum as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. State Street Corp grew its position in Kaiser Aluminum by 2.2% in the 3rd quarter. State Street Corp now owns 960,742 shares of the industrial products company's stock worth $69,673,000 after purchasing an additional 20,979 shares during the last quarter. American Century Companies Inc. increased its position in Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock valued at $31,461,000 after acquiring an additional 49,948 shares during the period. Geode Capital Management LLC raised its stake in Kaiser Aluminum by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock valued at $27,326,000 after acquiring an additional 4,388 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kaiser Aluminum by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock worth $20,963,000 after acquiring an additional 3,816 shares during the period. Finally, Tributary Capital Management LLC grew its stake in shares of Kaiser Aluminum by 9.3% in the fourth quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock worth $18,925,000 after purchasing an additional 22,839 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

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Kaiser Aluminum Trading Down 2.0 %

Shares of Kaiser Aluminum stock traded down $1.10 on Tuesday, reaching $53.92. 85,871 shares of the company were exchanged, compared to its average volume of 138,513. Kaiser Aluminum Co. has a fifty-two week low of $46.81 and a fifty-two week high of $102.42. The firm has a market capitalization of $868.11 million, a price-to-earnings ratio of 18.79 and a beta of 1.32. 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 fifty day moving average price of $65.57 and a 200-day moving average price of $71.54.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). The firm had revenue of $765.40 million for the quarter, compared to analysts' expectations of $752.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. During the same period in the prior year, the company posted $0.60 earnings per share. On average, analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Kaiser Aluminum from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday.

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.