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

BNP Paribas Financial Markets lowered its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 58.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,984 shares of the industrial products company's stock after selling 11,328 shares during the period. BNP Paribas Financial Markets' holdings in Kaiser Aluminum were worth $561,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. AlphaQuest LLC grew its holdings in Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Kaiser Aluminum during the 4th quarter valued at $52,000. KBC Group NV grew its holdings in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in Kaiser Aluminum by 87.1% during the 4th quarter. Aquatic Capital Management LLC now owns 1,684 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 784 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings 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 valued at $124,000 after purchasing an additional 1,352 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KALU. Wall Street Zen lowered shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Benchmark lowered their price target on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a report on Monday, April 21st. Finally, Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th.

Kaiser Aluminum Stock Up 0.1%

KALU stock traded up $0.10 during mid-day trading on Thursday, hitting $73.14. 97,202 shares of the company were exchanged, compared to its average volume of 138,527. The company has a market capitalization of $1.18 billion, a PE ratio of 25.48 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 twelve month low of $46.81 and a twelve month high of $100.49. The firm has a fifty day simple moving average of $62.93 and a 200 day simple moving average of $69.72.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced 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 company had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. On average, research analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's dividend payout ratio is currently 115.36%.

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.