Invesco Ltd. Has $37.10 Million Stake in Kaiser Aluminum Co. (NASDAQ:KALU)

Invesco Ltd. trimmed its position in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 527,935 shares of the industrial products company's stock after selling 6,092 shares during the period. Invesco Ltd. owned 3.28% of Kaiser Aluminum worth $37,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KALU. Envestnet Asset Management Inc. increased its stake in shares of Kaiser Aluminum by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 41,106 shares of the industrial products company's stock worth $2,889,000 after acquiring an additional 556 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Kaiser Aluminum by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 36,196 shares of the industrial products company's stock worth $2,544,000 after purchasing an additional 6,886 shares during the last quarter. Pitcairn Co. grew its stake in shares of Kaiser Aluminum by 3.0% in the fourth 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. Wellington Management Group LLP increased its holdings in shares of Kaiser Aluminum by 103.6% during the 4th quarter. Wellington Management Group LLP now owns 431,980 shares of the industrial products company's stock worth $30,355,000 after purchasing an additional 219,827 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in Kaiser Aluminum by 43.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 10,886 shares of the industrial products company's stock valued at $765,000 after acquiring an additional 3,294 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KALU shares. Wolfe Research upgraded shares of Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a research report on Friday, April 11th. StockNews.com upgraded Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Benchmark reduced 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.

Kaiser Aluminum Trading Up 4.3 %

Shares of NASDAQ:KALU traded up $2.30 during midday trading on Tuesday, hitting $55.95. The company had a trading volume of 169,917 shares, compared to its average volume of 138,965. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $102.42. The firm has a fifty day simple moving average of $63.45 and a 200 day simple moving average of $70.81. 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 stock has a market cap of $900.80 million, a price-to-earnings ratio of 19.49 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). The firm had revenue of $765.40 million during the quarter, compared to analyst estimates of $752.00 million. Kaiser Aluminum had a return on equity of 6.25% and a net margin of 1.55%. During the same quarter last year, the business posted $0.60 earnings per share. On average, analysts predict that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Dividend Announcement

The business 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 $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's payout ratio is currently 107.32%.

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.