First Trust Advisors LP Buys 11,784 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

First Trust Advisors LP increased its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,886 shares of the industrial products company's stock after purchasing an additional 11,784 shares during the quarter. First Trust Advisors LP owned 0.22% of Kaiser Aluminum worth $2,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KALU. AlphaQuest LLC lifted its holdings in shares of Kaiser Aluminum by 497.2% during the 4th quarter. AlphaQuest LLC now owns 651 shares of the industrial products company's stock worth $46,000 after acquiring an additional 542 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Kaiser Aluminum in the fourth quarter worth $52,000. KBC Group NV lifted its holdings in Kaiser Aluminum by 93.0% during the 4th quarter. KBC Group NV now owns 851 shares of the industrial products company's stock worth $60,000 after buying an additional 410 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $213,000. Finally, Virtu Financial LLC bought a new stake in Kaiser Aluminum in the third quarter valued at approximately $217,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Kaiser Aluminum Stock Down 1.1 %

KALU traded down $0.75 during midday trading on Friday, hitting $67.66. The company had a trading volume of 126,450 shares, compared to its average volume of 139,314. The stock's 50 day moving average price is $62.05 and its 200 day moving average price is $70.25. Kaiser Aluminum Co. has a 52 week low of $46.81 and a 52 week high of $102.42. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 23.57 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 (NASDAQ:KALU - Get Free Report) last issued 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 business had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. During the same period in the previous year, the company posted $1.02 EPS. The firm's revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Kaiser Aluminum Co. will post 5.14 earnings per share for the current fiscal year.

Kaiser Aluminum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Friday, April 25th. Kaiser Aluminum's dividend payout ratio is currently 115.36%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KALU shares. StockNews.com raised shares of Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Benchmark decreased their price target on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a report on Monday, April 21st. Wolfe Research raised Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. raised 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.