JPMorgan Chase & Co. Purchases 26,878 Shares of Kaiser Aluminum Co. (NASDAQ:KALU)

JPMorgan Chase & Co. grew its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 53.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,429 shares of the industrial products company's stock after purchasing an additional 26,878 shares during the period. JPMorgan Chase & Co. owned approximately 0.48% of Kaiser Aluminum worth $5,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KALU. AlphaQuest LLC raised its stake 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 valued at $46,000 after purchasing an additional 542 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Kaiser Aluminum in the 4th quarter worth about $52,000. KBC Group NV boosted its holdings in shares of 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 purchasing an additional 410 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Kaiser Aluminum in the 3rd quarter worth about $217,000. Finally, HighTower Advisors LLC purchased a new position in shares of Kaiser Aluminum in the 4th quarter worth about $213,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KALU. Wolfe Research upgraded Kaiser Aluminum from an "underperform" rating to a "peer perform" rating in a report on Friday, April 11th. Benchmark lowered their target price on Kaiser Aluminum from $100.00 to $74.00 and set a "buy" rating for the company in a research note on Monday. Finally, StockNews.com raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Friday, April 18th.

Kaiser Aluminum Stock Up 5.8 %

Shares of KALU stock traded up $3.22 during mid-day trading on Wednesday, reaching $59.17. 18,494 shares of the company's stock traded hands, compared to its average volume of 138,502. The company's 50-day moving average price is $63.45 and its 200-day moving average price is $70.81. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 1.56. The company has a market cap of $952.64 million, a P/E ratio of 20.62 and a beta of 1.32. Kaiser Aluminum Co. has a 12 month low of $46.81 and a 12 month high of $102.42.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Kaiser Aluminum had a net margin of 1.55% and a return on equity of 6.25%. The company had revenue of $765.40 million for the quarter, compared to the consensus estimate of $752.00 million. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities analysts expect 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 will be paid on Thursday, May 15th. Stockholders of record on Friday, April 25th will be given a $0.77 dividend. The ex-dividend date is Friday, April 25th. This represents a $3.08 annualized dividend and a dividend yield of 5.21%. Kaiser Aluminum's payout ratio is presently 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.