Crestline Management LP Invests $3.56 Million in Kaiser Aluminum Co. (NASDAQ:KALU)

Crestline Management LP acquired a new position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,630 shares of the industrial products company's stock, valued at approximately $3,558,000. Crestline Management LP owned about 0.31% of Kaiser Aluminum as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KALU. Dimensional Fund Advisors LP grew its stake in shares of Kaiser Aluminum by 1.8% in the 4th 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% in the fourth quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after purchasing an additional 49,948 shares during the last quarter. Wellington Management Group LLP grew its position in Kaiser Aluminum by 103.6% during the fourth 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 period. Charles Schwab Investment Management Inc. increased its stake in shares of Kaiser Aluminum by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock worth $20,963,000 after purchasing an additional 3,816 shares during the last quarter. Finally, Tributary Capital Management LLC raised its stake in shares of Kaiser Aluminum by 9.3% in the fourth quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock valued at $18,925,000 after buying an additional 22,839 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analyst Weigh In

KALU has been the topic of several analyst reports. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Benchmark cut 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, April 21st. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. raised their price objective on Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, April 28th.

Kaiser Aluminum Trading Down 1.1 %

Shares of KALU stock traded down $0.75 during mid-day trading on Friday, reaching $67.66. The stock had a trading volume of 126,450 shares, compared to its average volume of 139,150. The firm has a market capitalization of $1.09 billion, a PE ratio of 23.57 and a beta of 1.40. The stock's 50-day moving average price is $62.05 and its two-hundred day moving average price is $70.23. 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 52-week low of $46.81 and a 52-week high of $102.42.

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

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's payout ratio is currently 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.