BNP Paribas Financial Markets Has $561,000 Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

BNP Paribas Financial Markets lessened its holdings in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 58.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. 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 worth $30,355,000 after acquiring an additional 219,827 shares during the last quarter. Empowered Funds LLC acquired a new stake in Kaiser Aluminum during the 4th quarter worth approximately $3,878,000. American Century Companies Inc. raised its holdings 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 worth $31,461,000 after buying an additional 49,948 shares during the period. Norges Bank acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at approximately $3,312,000. Finally, Stephens Inc. AR acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at approximately $3,150,000. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

KALU stock traded down $0.22 during midday trading on Wednesday, reaching $72.78. The company had a trading volume of 32,047 shares, compared to its average volume of 138,325. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.42 and a beta of 1.40. The stock has a 50 day moving average price of $62.67 and a 200-day moving average price of $69.78. Kaiser Aluminum Co. has a 1-year low of $46.81 and a 1-year high of $100.49. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.44 and a quick ratio of 1.36.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted 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 the consensus estimate of $788.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. Kaiser Aluminum's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. Equities research analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is presently 115.36%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KALU. JPMorgan Chase & Co. raised their target price on shares of 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 report on Friday, April 11th. Wall Street Zen cut shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Benchmark reduced 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.

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.