Wellington Management Group LLP Raises Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Wellington Management Group LLP boosted its position in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 103.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 431,980 shares of the industrial products company's stock after acquiring an additional 219,827 shares during the period. Wellington Management Group LLP owned 2.68% of Kaiser Aluminum worth $30,355,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Pitcairn Co. grew its holdings in Kaiser Aluminum by 3.0% in the 4th quarter. Pitcairn Co. now owns 6,118 shares of the industrial products company's stock worth $430,000 after acquiring an additional 181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kaiser Aluminum by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,094 shares of the industrial products company's stock worth $639,000 after acquiring an additional 317 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Kaiser Aluminum by 6.2% in the 4th quarter. New York State Teachers Retirement System now owns 6,879 shares of the industrial products company's stock worth $483,000 after acquiring an additional 400 shares during the last quarter. KBC Group NV grew its holdings in Kaiser Aluminum by 93.0% in the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after acquiring an additional 410 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Kaiser Aluminum by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,705 shares of the industrial products company's stock worth $682,000 after acquiring an additional 462 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KALU. Wall Street Zen lowered shares of Kaiser Aluminum from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. 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. Benchmark cut their target price on shares of Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, Wolfe Research raised shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.

Kaiser Aluminum Trading Up 0.6%

Shares of KALU traded up $0.44 during trading hours on Wednesday, reaching $77.29. 24,500 shares of the company traded hands, compared to its average volume of 138,108. The company's fifty day moving average price is $63.49 and its two-hundred day moving average price is $69.50. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 26.93 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. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $100.07.

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

Kaiser Aluminum Dividend Announcement

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

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.