Wells Fargo & Company MN raised its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 23.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,196 shares of the industrial products company's stock after purchasing an additional 6,886 shares during the period. Wells Fargo & Company MN owned 0.22% of Kaiser Aluminum worth $2,544,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Pitcairn Co. grew its stake in Kaiser Aluminum by 3.0% in the fourth quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company's stock valued at $430,000 after purchasing an additional 181 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Kaiser Aluminum by 103.6% during 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. Orion Portfolio Solutions LLC lifted its position in Kaiser Aluminum by 43.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,886 shares of the industrial products company's stock valued at $765,000 after acquiring an additional 3,294 shares during the last quarter. Norges Bank acquired a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $3,312,000. Finally, JPMorgan Chase & Co. grew its holdings in Kaiser Aluminum by 53.2% in the fourth quarter. JPMorgan Chase & Co. now owns 77,429 shares of the industrial products company's stock worth $5,441,000 after purchasing an additional 26,878 shares during the last quarter. Institutional investors own 99.29% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently commented on KALU. JPMorgan Chase & Co. increased their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a report on Monday. Benchmark decreased their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Finally, StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th.
Read Our Latest Report on Kaiser Aluminum
Kaiser Aluminum Stock Performance
KALU traded up $3.72 on Monday, reaching $64.38. 315,488 shares of the stock were exchanged, compared to its average volume of 138,051. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36. The company's 50-day moving average price is $62.85 and its 200 day moving average price is $70.58. The firm has a market capitalization of $1.04 billion, a PE ratio of 22.43 and a beta of 1.32. Kaiser Aluminum Co. has a fifty-two week low of $46.81 and a fifty-two week high of $102.42.
Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $788.00 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The company's revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current fiscal year.
Kaiser Aluminum Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.78%. Kaiser Aluminum's payout ratio is currently 115.36%.
About Kaiser Aluminum
(
Free Report)
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.
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