Nuveen Asset Management LLC Sells 5,964 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

Nuveen Asset Management LLC trimmed its holdings in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,587 shares of the industrial products company's stock after selling 5,964 shares during the period. Nuveen Asset Management LLC owned about 0.27% of Kaiser Aluminum worth $3,063,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KALU. 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 worth $46,000 after purchasing an additional 542 shares during the period. Jones Financial Companies Lllp bought a new stake in Kaiser Aluminum in the fourth quarter valued at approximately $52,000. KBC Group NV lifted its position in shares of 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 buying an additional 410 shares during the last quarter. Aquatic Capital Management LLC boosted its stake 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 acquiring an additional 784 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake 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 worth $124,000 after acquiring an additional 1,352 shares during the period. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU traded up $0.59 during trading hours on Friday, reaching $78.17. 64,878 shares of the stock were exchanged, compared to its average volume of 137,600. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.24 and a beta of 1.40. The stock's fifty day simple moving average is $64.51 and its 200 day simple moving average is $69.52. 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 Co. has a 52 week low of $46.81 and a 52 week high of $100.07.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $788.00 million. During the same period in the prior year, the firm posted $1.02 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts predict that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 25th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.94%. The ex-dividend date was Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 115.36%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KALU shares. Wall Street Zen cut Kaiser Aluminum from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Benchmark dropped their price objective 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, JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th.

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.