LPL Financial LLC Increases Holdings in Kaiser Aluminum Co. (NASDAQ:KALU)

LPL Financial LLC raised its stake in shares of Kaiser Aluminum Co. (NASDAQ:KALU - Free Report) by 54.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,135 shares of the industrial products company's stock after acquiring an additional 5,661 shares during the period. LPL Financial LLC owned approximately 0.10% of Kaiser Aluminum worth $1,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Kaiser Aluminum by 12.6% in the 4th quarter. American Century Companies Inc. now owns 447,723 shares of the industrial products company's stock worth $31,461,000 after purchasing an additional 49,948 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 376,745 shares of the industrial products company's stock worth $27,326,000 after purchasing an additional 4,388 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Kaiser Aluminum by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,318 shares of the industrial products company's stock worth $20,963,000 after purchasing an additional 3,816 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Kaiser Aluminum by 9.3% in the 4th quarter. Tributary Capital Management LLC now owns 269,315 shares of the industrial products company's stock worth $18,925,000 after purchasing an additional 22,839 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Kaiser Aluminum by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,770 shares of the industrial products company's stock worth $6,168,000 after acquiring an additional 3,400 shares in the last quarter. Institutional investors own 99.29% of the company's stock.

Kaiser Aluminum Price Performance

KALU traded up $0.09 during trading on Thursday, reaching $59.01. 110,651 shares of the company traded hands, compared to its average volume of 139,427. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.36 and a current ratio of 2.44. 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 $63.22 and a 200 day simple moving average of $70.73. The company has a market cap of $950.06 million, a P/E ratio of 20.44 and a beta of 1.32.

Kaiser Aluminum (NASDAQ:KALU - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $777.40 million during the quarter, compared to analyst estimates of $788.00 million. On average, equities analysts forecast that Kaiser Aluminum Co. will post 5.14 EPS for the current year.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Friday, April 25th. Kaiser Aluminum's dividend payout ratio (DPR) is currently 107.32%.

Analyst Upgrades and Downgrades

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

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.