Great Lakes Advisors LLC Has $3.16 Million Position in Kaiser Aluminum Corporation $KALU

Key Points

• Great Lakes Advisors LLC reduced its stake in Kaiser Aluminum Corporation by 16.5% during the first quarter, ending up with 52,168 shares valued at approximately $3.16 million.
• Kaiser Aluminum recently announced a $0.77 quarterly dividend, reflecting an annualized yield of 4.1%, with a payout ratio of 79.18%.
• The stock has received mixed ratings, with one upgrade to a "buy" from Wall Street Zen, while the consensus remains a "hold" with an average target price of $78.00.

Great Lakes Advisors LLC lessened its stake in Kaiser Aluminum Corporation (NASDAQ:KALU - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,168 shares of the industrial products company's stock after selling 10,298 shares during the quarter. Great Lakes Advisors LLC owned 0.32% of Kaiser Aluminum worth $3,162,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in Kaiser Aluminum by 11.5% in the 1st quarter. American Century Companies Inc. now owns 499,314 shares of the industrial products company's stock valued at $30,268,000 after buying an additional 51,591 shares during the period. Wellington Management Group LLP increased its stake in Kaiser Aluminum by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 454,114 shares of the industrial products company's stock valued at $27,528,000 after buying an additional 22,134 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Kaiser Aluminum by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 299,274 shares of the industrial products company's stock valued at $18,142,000 after buying an additional 956 shares during the period. Systematic Financial Management LP increased its stake in Kaiser Aluminum by 2.3% in the 1st quarter. Systematic Financial Management LP now owns 261,102 shares of the industrial products company's stock valued at $15,828,000 after buying an additional 5,922 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Kaiser Aluminum by 16.7% during the 4th quarter. Northern Trust Corp now owns 198,201 shares of the industrial products company's stock worth $13,928,000 after purchasing an additional 28,359 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KALU shares. JPMorgan Chase & Co. increased their price target on shares of Kaiser Aluminum from $64.00 to $82.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of Kaiser Aluminum from a "hold" rating to a "buy" rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $78.00.

Kaiser Aluminum Trading Down 0.9%

Shares of NASDAQ:KALU traded down $0.67 during trading on Tuesday, hitting $76.69. 8,362 shares of the company's stock were exchanged, compared to its average volume of 130,867. Kaiser Aluminum Corporation has a 1-year low of $46.81 and a 1-year high of $97.00. The firm has a 50-day moving average price of $79.79 and a two-hundred day moving average price of $72.38. The company has a current ratio of 2.70, a quick ratio of 1.30 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.24 billion, a P/E ratio of 19.79 and a beta of 1.54.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.49 by $0.72. Kaiser Aluminum had a net margin of 2.05% and a return on equity of 8.03%. The company had revenue of $823.10 million during the quarter, compared to analysts' expectations of $786.70 million. Equities analysts predict that Kaiser Aluminum Corporation will post 5.14 earnings per share for the current year.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 25th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, July 25th. This represents a $3.08 dividend on an annualized basis and a yield of 4.0%. Kaiser Aluminum's payout ratio is currently 79.18%.

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.