TD Waterhouse Canada Inc. Purchases Shares of 9,734 Kaiser Aluminum Co. (NASDAQ:KALU)

TD Waterhouse Canada Inc. bought a new position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,734 shares of the industrial products company's stock, valued at approximately $684,000. TD Waterhouse Canada Inc. owned approximately 0.06% of Kaiser Aluminum at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KALU. Dimensional Fund Advisors LP increased its holdings in Kaiser Aluminum by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 790,046 shares of the industrial products company's stock valued at $55,517,000 after buying an additional 14,296 shares during the period. American Century Companies Inc. boosted its position in Kaiser Aluminum by 12.6% during 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 in the last quarter. Wellington Management Group LLP raised its position in shares of Kaiser Aluminum by 103.6% in the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after acquiring an additional 219,827 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $27,326,000 after purchasing an additional 4,388 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Kaiser Aluminum by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock valued at $20,963,000 after purchasing an additional 3,816 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Stock Performance

NASDAQ:KALU traded up $0.28 during trading hours on Tuesday, hitting $64.66. 289,933 shares of the company were exchanged, compared to its average volume of 138,805. The company's 50 day moving average price is $62.71 and its 200-day moving average price is $70.53. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 22.53 and a beta of 1.32. Kaiser Aluminum Co. has a 52-week low of $46.81 and a 52-week high of $102.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.91. The firm had revenue of $777.40 million for the quarter, compared to the consensus estimate of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 EPS. As a group, research analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be given a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.76%. Kaiser Aluminum's dividend payout ratio is currently 115.36%.

Analysts Set New Price Targets

KALU has been the subject of a number of recent research reports. Benchmark reduced their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research report on Monday. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th.

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.