Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 62,220 shares of the industrial products company's stock after selling 11,030 shares during the quarter. Bank of Montreal Can owned about 0.39% of Kaiser Aluminum worth $4,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in 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 valued at $30,355,000 after buying an additional 219,827 shares during the last quarter. Empowered Funds LLC purchased a new position in Kaiser Aluminum during the fourth quarter worth about $3,878,000. American Century Companies Inc. boosted its holdings 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 purchasing an additional 49,948 shares in the last quarter. Norges Bank purchased a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $3,312,000. Finally, Stephens Inc. AR acquired a new stake in shares of Kaiser Aluminum in the 4th quarter valued at approximately $3,150,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Kaiser Aluminum Trading Down 1.1 %

KALU traded down $0.59 during midday trading on Friday, hitting $53.86. The company's stock had a trading volume of 138,335 shares, compared to its average volume of 138,319. The firm has a market cap of $867.15 million, a P/E ratio of 18.77 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 current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average price of $64.14 and a two-hundred day moving average price of $71.05.

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

Kaiser Aluminum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, April 25th. This represents a $3.08 annualized dividend and a yield of 5.72%. Kaiser Aluminum's dividend payout ratio is presently 107.32%.

Analysts Set New Price Targets

KALU has been the subject of a number of recent analyst reports. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday.

About Kaiser Aluminum

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.