Kaiser Aluminum Co. (NASDAQ:KALU) Stock Holdings Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 58.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,984 shares of the industrial products company's stock after selling 11,328 shares during the quarter. BNP Paribas Financial Markets' holdings in Kaiser Aluminum were worth $561,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. AlphaQuest LLC raised its stake in Kaiser Aluminum by 497.2% during the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum during the fourth quarter valued at approximately $52,000. KBC Group NV raised its position in shares of Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after purchasing an additional 410 shares during the period. Aquatic Capital Management LLC lifted its holdings in shares of Kaiser Aluminum by 87.1% in the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock worth $118,000 after purchasing an additional 784 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Kaiser Aluminum by 325.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after buying an additional 1,352 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Stock Performance

Shares of NASDAQ:KALU traded up $3.15 on Tuesday, hitting $73.00. The company's stock had a trading volume of 93,754 shares, compared to its average volume of 138,681. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.44 and a beta of 1.40. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $100.49. The stock's 50-day moving average is $62.60 and its two-hundred day moving average is $69.75.

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 business had revenue of $777.40 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.02 earnings per share. On average, equities research analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 25th were issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Benchmark decreased 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 report on Monday, April 21st. Finally, Wall Street Zen cut Kaiser Aluminum from a "buy" rating to a "hold" rating in a report on Saturday.

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.