Algert Global LLC Has $3.73 Million Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Algert Global LLC cut its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,065 shares of the industrial products company's stock after selling 9,113 shares during the quarter. Algert Global LLC owned about 0.33% of Kaiser Aluminum worth $3,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC bought a new position in shares of Kaiser Aluminum in the fourth quarter valued at approximately $3,878,000. American Century Companies Inc. boosted its stake 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 purchasing an additional 49,948 shares in the last quarter. Wellington Management Group LLP boosted its stake in 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 valued at $30,355,000 after purchasing an additional 219,827 shares in the last quarter. Barclays PLC raised its stake in shares of Kaiser Aluminum by 101.3% in the 3rd quarter. Barclays PLC now owns 27,454 shares of the industrial products company's stock worth $1,991,000 after buying an additional 13,813 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Kaiser Aluminum by 196.0% in the fourth quarter. Amundi now owns 8,934 shares of the industrial products company's stock valued at $629,000 after buying an additional 5,916 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Benchmark cut 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 note on Monday, April 21st. Finally, StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th.

Kaiser Aluminum Trading Up 5.0%

Shares of KALU traded up $3.41 during midday trading on Monday, hitting $71.09. The stock had a trading volume of 42,740 shares, compared to its average volume of 145,880. The business has a 50-day simple moving average of $62.05 and a two-hundred day simple moving average of $70.27. The firm has a market cap of $1.15 billion, a P/E ratio of 24.77 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. 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 posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.91. The firm had revenue of $777.40 million for the quarter, compared to analysts' expectations of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. As a group, equities analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 annualized dividend and a yield of 4.33%. Kaiser Aluminum's dividend payout ratio is presently 115.36%.

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.