D. E. Shaw & Co. Inc. Raises Stock Position in Kaiser Aluminum Co. (NASDAQ:KALU)

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

A number of other large investors have also recently bought and sold shares of KALU. AlphaQuest LLC grew its stake in shares of Kaiser Aluminum by 497.2% in the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock valued at $46,000 after buying an additional 542 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Kaiser Aluminum during the 4th quarter worth approximately $52,000. KBC Group NV lifted 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 buying an additional 410 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of 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 worth $118,000 after buying an additional 784 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Kaiser Aluminum by 325.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,768 shares of the industrial products company's stock worth $124,000 after purchasing an additional 1,352 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Trading Down 2.6%

KALU stock traded down $1.90 during trading on Wednesday, reaching $70.49. The company had a trading volume of 137,961 shares, compared to its average volume of 138,886. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $100.49. The company has a market cap of $1.14 billion, a P/E ratio of 24.56 and a beta of 1.40. The business has a 50 day moving average of $62.63 and a 200 day moving average of $70.18. 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 announced its earnings results 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. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The business had revenue of $777.40 million during the quarter, compared to the consensus estimate of $788.00 million. During the same quarter last year, the firm earned $1.02 earnings per share. The business's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum's dividend payout ratio is 115.36%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. Benchmark cut their price target 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, JPMorgan Chase & Co. upped their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the company a "neutral" rating in a research 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.