3,869 Shares in Kaiser Aluminum Co. (NASDAQ:KALU) Acquired by Ethic Inc.

Ethic Inc. purchased a new stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,869 shares of the industrial products company's stock, valued at approximately $272,000.

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

Analyst Ratings Changes

A number of research firms have weighed in on KALU. Benchmark dropped 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. JPMorgan Chase & Co. lifted 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. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Finally, Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th.

Kaiser Aluminum Price Performance

NASDAQ:KALU traded down $1.90 during trading hours on Wednesday, reaching $70.49. The stock had a trading volume of 137,961 shares, compared to its average volume of 138,974. The stock has a market capitalization of $1.14 billion, a PE ratio of 24.56 and a beta of 1.40. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $102.35. The company has a 50 day moving average price of $62.63 and a two-hundred day moving average price of $70.17. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $788.00 million. Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. Kaiser Aluminum's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.02 earnings per share. As a group, sell-side analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Announces Dividend

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

Kaiser Aluminum 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.