Kaiser Aluminum Co. (NASDAQ:KALU) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 115.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,133 shares of the industrial products company's stock after purchasing an additional 27,426 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.32% of Kaiser Aluminum worth $3,593,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Pitcairn Co. grew its holdings in shares of Kaiser Aluminum by 3.0% during the fourth quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company's stock valued at $430,000 after buying an additional 181 shares during the last quarter. New York State Teachers Retirement System raised its position in Kaiser Aluminum by 6.2% in the fourth quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company's stock worth $483,000 after acquiring an additional 400 shares during the period. KBC Group NV lifted its stake 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 valued at $60,000 after buying an additional 410 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Kaiser Aluminum by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,705 shares of the industrial products company's stock worth $682,000 after buying an additional 462 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after buying an additional 542 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Up 0.1%

Shares of Kaiser Aluminum stock traded up $0.06 during trading on Friday, hitting $69.85. The company's stock had a trading volume of 104,099 shares, compared to its average volume of 138,861. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. The company has a fifty day simple moving average of $62.61 and a two-hundred day simple moving average of $69.95. The company has a market capitalization of $1.13 billion, a PE ratio of 24.34 and a beta of 1.40. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $100.49.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $1.44 earnings per share 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 net margin of 1.55% and a return on equity of 6.25%. Kaiser Aluminum's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. Equities research analysts predict that Kaiser Aluminum Co. will post 5.14 earnings per share for the current year.

Kaiser Aluminum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's payout ratio is 115.36%.

Wall Street Analysts Forecast Growth

KALU has been the topic of a number of analyst reports. Benchmark decreased their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note 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, JPMorgan Chase & Co. upped their price objective on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a report on Monday, April 28th.

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.