Kaiser Aluminum Co. (NASDAQ:KALU) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 54.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,191 shares of the industrial products company's stock after buying an additional 4,977 shares during the quarter. Deutsche Bank AG owned about 0.09% of Kaiser Aluminum worth $997,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KALU. AlphaQuest LLC grew its holdings in shares of 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 buying an additional 542 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Kaiser Aluminum during the 4th quarter valued at about $52,000. KBC Group NV boosted 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 valued at $60,000 after acquiring an additional 410 shares during the last quarter. Aquatic Capital Management LLC boosted 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 valued at $118,000 after acquiring an additional 784 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 acquiring an additional 1,352 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KALU. Wall Street Zen cut shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. increased their price target on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Benchmark reduced their price target on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.

Kaiser Aluminum Stock Down 0.5%

Kaiser Aluminum stock traded down $0.37 during mid-day trading on Friday, hitting $72.77. The company had a trading volume of 95,681 shares, compared to its average volume of 138,564. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 25.36 and a beta of 1.40. Kaiser Aluminum Co. has a 1 year low of $46.81 and a 1 year high of $100.07. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The business has a fifty day moving average of $63.05 and a 200 day moving average of $69.56.

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, beating 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 return on equity of 6.25% and a net margin of 1.55%. The company's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 earnings per share. On average, sell-side analysts expect that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal 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 issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum's dividend payout ratio is presently 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.