Kaiser Aluminum Co. (NASDAQ:KALU) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,587 shares of the industrial products company's stock after selling 5,964 shares during the period. Nuveen Asset Management LLC owned approximately 0.27% of Kaiser Aluminum worth $3,063,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pitcairn Co. boosted its position in Kaiser Aluminum by 3.0% during the fourth quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company's stock worth $430,000 after purchasing an additional 181 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kaiser Aluminum by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,094 shares of the industrial products company's stock worth $639,000 after buying an additional 317 shares in 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 valued at $483,000 after purchasing an additional 400 shares during the period. KBC Group NV raised its position in Kaiser Aluminum by 93.0% in the fourth quarter. KBC Group NV now owns 851 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 410 shares during the period. Finally, MetLife Investment Management LLC raised its position in Kaiser Aluminum by 5.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,705 shares of the industrial products company's stock valued at $682,000 after purchasing an additional 462 shares during the period. 99.29% of the stock is owned by institutional investors and hedge funds.

Kaiser Aluminum Price Performance

Shares of KALU traded up $0.47 on Wednesday, reaching $77.32. The stock had a trading volume of 68,261 shares, compared to its average volume of 138,277. The firm has a market capitalization of $1.25 billion, a PE ratio of 26.94 and a beta of 1.40. 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 firm has a 50-day moving average of $63.49 and a 200 day moving average of $69.50. Kaiser Aluminum Co. has a twelve month low of $46.81 and a twelve month high of $100.07.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The industrial products company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.91. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. The firm had revenue of $777.40 million for the quarter, compared to analysts' expectations of $788.00 million. During the same quarter in the prior year, the firm earned $1.02 EPS. Kaiser Aluminum's quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts expect that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 25th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is currently 115.36%.

Analysts Set New Price Targets

KALU has been the subject of a number of research reports. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Wall Street Zen downgraded Kaiser Aluminum from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Benchmark reduced their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. increased their target price on Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note 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.