Russell Investments Group Ltd. Decreases Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

Russell Investments Group Ltd. decreased its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,625 shares of the industrial products company's stock after selling 36,418 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Kaiser Aluminum worth $1,098,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KALU. AlphaQuest LLC increased its position 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 buying an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Kaiser Aluminum during the fourth quarter valued at about $52,000. KBC Group NV raised its stake in Kaiser Aluminum by 93.0% during the fourth 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 last quarter. HighTower Advisors LLC bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at $213,000. Finally, Virtu Financial LLC purchased a new position in Kaiser Aluminum in the third quarter worth about $217,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KALU has been the subject of a number of analyst reports. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Benchmark reduced their price objective on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.

Kaiser Aluminum Price Performance

Shares of NASDAQ:KALU traded down $1.14 during midday trading on Friday, reaching $60.52. 139,684 shares of the company were exchanged, compared to its average volume of 140,395. 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 market cap of $974.29 million, a PE ratio of 21.09 and a beta of 1.32. The business's fifty day moving average is $63.07 and its two-hundred day moving average is $70.66. Kaiser Aluminum Co. has a one year low of $46.81 and a one year high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $777.40 million for the quarter, compared to analysts' expectations of $788.00 million. As a group, analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 107.32%.

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.