Kaiser Aluminum Co. (NASDAQ:KALU) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its stake in Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 48.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,886 shares of the industrial products company's stock after buying an additional 11,784 shares during the period. First Trust Advisors LP owned 0.22% of Kaiser Aluminum worth $2,522,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KALU. AlphaQuest LLC raised its stake in Kaiser Aluminum by 497.2% in the fourth quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after buying an additional 542 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Kaiser Aluminum during the fourth quarter worth $52,000. KBC Group NV grew its holdings in Kaiser Aluminum by 93.0% during the fourth 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 period. Virtu Financial LLC purchased a new stake in Kaiser Aluminum during the third quarter worth $217,000. Finally, HighTower Advisors LLC purchased a new position in shares of Kaiser Aluminum in the 4th quarter valued at about $213,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Kaiser Aluminum Trading Up 2.8 %

KALU stock traded up $1.86 during trading on Thursday, reaching $68.39. 116,828 shares of the stock were exchanged, compared to its average volume of 138,819. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 23.83 and a beta of 1.40. The business has a 50 day moving average price of $62.08 and a 200-day moving average price of $70.28. Kaiser Aluminum Co. has a 1 year low of $46.81 and a 1 year high of $102.42.

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

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is 115.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kaiser Aluminum from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Benchmark lowered their price objective on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, April 21st. StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Finally, Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th.

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.